SentinelOne (NYSE:S) Coverage Initiated at Stephens

Stock analysts at Stephens began coverage on shares of SentinelOne (NYSE:S) in a research note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $25.00 price target on the stock. Stephens’ price target would indicate a potential upside of 36.79% from the company’s previous close.

Several other equities analysts have also commented on the company. Cantor Fitzgerald reduced their price target on SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Oppenheimer assumed coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price for the company. Barclays dropped their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley started coverage on shares of SentinelOne in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 price objective for the company. Finally, Piper Sandler lowered their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $26.21.

SentinelOne Trading Up 0.5 %

NYSE:S traded up $0.10 during mid-day trading on Tuesday, hitting $18.28. The company had a trading volume of 224,789 shares, compared to its average volume of 4,876,692. The business has a fifty day simple moving average of $21.62 and a 200-day simple moving average of $23.71. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -19.39 and a beta of 0.78. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 10,624 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $210,036.48. Following the transaction, the insider now owns 488,122 shares in the company, valued at approximately $9,650,171.94. This represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares during the last quarter. Avion Wealth acquired a new stake in shares of SentinelOne during the 4th quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in SentinelOne in the fourth quarter worth about $33,000. Arlington Trust Co LLC bought a new position in SentinelOne during the fourth quarter worth about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of SentinelOne in the 4th quarter valued at approximately $38,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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.