SentinelOne price target lowered to $23 from $29 at Citizens JMP

Citizens JMP analyst Trevor Walsh lowered the firm’s price target on SentinelOne (S) to $23 from $29 and keeps an Outperform rating on the shares. The company reported a Q3 beat but the “surprising” CFO departure and “lackluster” fiscal Q4 guidance left the stock trading down, the analyst tells investors in a research note. The firm believes the CFO transition is driving the pressure on the shares. Citizens views the CFO transition “as yet another distraction and unfortunate timing for a business that has seemed to rediscover its footing in terms of execution.”