SentinelOne (NYSE:S) Shares Gap Down – What’s Next?

SentinelOne, Inc. (NYSE:S) shares gapped down prior to trading on Tuesday. The stock had previously closed at $25.66, but opened at $23.46. SentinelOne shares last traded at $25.0250, with a volume of 2,771,702 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on S. Guggenheim increased their target price on shares of SentinelOne from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of SentinelOne from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Susquehanna lifted their price target on shares of SentinelOne from $20.00 to $28.00 and gave the stock a “positive” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. lifted their price target on shares of SentinelOne from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, Jefferies Financial Group set a $26.00 price target on SentinelOne in a report on Friday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

SentinelOne Stock Down 2.8%

The business’s 50 day simple moving average is $22.38 and its 200 day simple moving average is $18.30. The company has a market capitalization of $8.68 billion, a PE ratio of -24.71 and a beta of 0.70.

SentinelOne (NYSE:S) last released its earnings results on Thursday, August 27th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $291.98 million for the quarter, compared to the consensus estimate of $290.24 million. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.22) earnings per share. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, analysts anticipate that SentinelOne, Inc. will post -0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Barry Padgett sold 15,460 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $25.33, for a total value of $391,601.80. Following the completion of the transaction, the chief operating officer owned 961,970 shares of the company’s stock, valued at approximately $24,366,700.10. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 13,311 shares of SentinelOne stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $19.95, for a total transaction of $265,554.45. Following the transaction, the chief accounting officer owned 405,112 shares in the company, valued at approximately $8,081,984.40. The trade was a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 915,183 shares of company stock worth $21,151,124 in the last quarter. Corporate insiders own 4.27% of the company’s stock.

Institutional Trading of SentinelOne

Several hedge funds and other institutional investors have recently modified their holdings of S. Wellington Management Group LLP raised its position in SentinelOne by 216.0% during the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock valued at $85,110,000 after buying an additional 3,428,192 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in SentinelOne in the 2nd quarter worth about $59,607,000. Dimensional Fund Advisors LP lifted its stake in SentinelOne by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,592,248 shares of the company’s stock worth $59,142,000 after acquiring an additional 461,411 shares in the last quarter. Swedbank AB lifted its stake in SentinelOne by 9.8% in the 1st quarter. Swedbank AB now owns 4,183,973 shares of the company’s stock worth $53,890,000 after acquiring an additional 374,659 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in SentinelOne by 17.6% during the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock worth $32,457,000 after acquiring an additional 377,542 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

The company’s offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.