SentinelOne (NYSE:S) Given New $24.00 Price Target at Bank of America

SentinelOne (NYSE:S) had its target price reduced by equities researchers at Bank of America from $29.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 27.25% from the stock’s previous close.

A number of other brokerages have also recently commented on S. Wells Fargo & Company reduced their price objective on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. Piper Sandler decreased their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday. Scotiabank reduced their price objective on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.78.

SentinelOne Stock Performance

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

Insiders Place Their Bets

In other news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,377,680.11. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $771,775.35. Following the completion of the transaction, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. This represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 314,682 shares of company stock valued at $7,094,571. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth acquired a new stake in SentinelOne during the fourth quarter worth about $28,000. Crewe Advisors LLC purchased a new position in SentinelOne during the fourth quarter worth about $33,000. Arlington Trust Co LLC acquired a new position in SentinelOne in the 4th quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in SentinelOne during the fourth quarter worth $38,000. Institutional investors own 90.87% of the company’s stock.

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.