SentinelOne (NYSE:S) Given New $24.00 Price Target at Cantor Fitzgerald

SentinelOne (NYSE:S) had its target price dropped by investment analysts at Cantor Fitzgerald from $30.00 to $24.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 27.25% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on S. Scotiabank dropped their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and lifted their target price for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Citigroup reduced their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Morgan Stanley dropped their price objective on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Finally, Susquehanna reduced their target price on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a report on Thursday. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.78.

SentinelOne Price Performance

Shares of S stock traded down $0.44 during trading hours on Thursday, hitting $18.86. The company had a trading volume of 13,458,149 shares, compared to its average volume of 4,800,242. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The company’s fifty day moving average is $22.44 and its 200 day moving average is $24.06. The stock has a market capitalization of $6.06 billion, a PE ratio of -20.07 and a beta of 0.78.

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 20,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $394,675.40. Following the sale, the insider now owns 508,930 shares in the company, valued at approximately $9,949,581.50. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 314,682 shares of company stock valued at $7,094,571 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

Large investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its stake in SentinelOne by 1.4% during the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after purchasing an additional 478 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of SentinelOne by 4.6% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock valued at $365,000 after purchasing an additional 724 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares during the last quarter. Finally, Bullseye Asset Management LLC raised its holdings in shares of SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.