SentinelOne (NYSE:S) Price Target Cut to $19.00 by Analysts at UBS Group

SentinelOne (NYSE:S) had its price objective decreased by equities research analysts at UBS Group from $25.00 to $19.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 0.07% from the company’s current price.

A number of other research analysts have also weighed in on S. Piper Sandler decreased their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Sanford C. Bernstein cut their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Scotiabank reduced their target price on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Robert W. Baird lowered their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $27.33.

SentinelOne Price Performance

NYSE S traded down $0.31 during trading on Thursday, reaching $18.99. 10,759,000 shares of the company’s stock were exchanged, compared to its average volume of 4,735,457. The business has a 50 day moving average price of $22.44 and a 200-day moving average price of $24.06. The stock has a market capitalization of $6.10 billion, a P/E ratio of -20.21 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.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,782,850.68. This represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now owns 531,459 shares in the company, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 314,682 shares of company stock worth $7,094,571. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Marshall Wace LLP increased its holdings in shares of SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after buying an additional 4,206,900 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in SentinelOne during the 3rd quarter worth $80,604,000. Norges Bank acquired a new position in SentinelOne in the 4th quarter worth about $73,528,000. Point72 Asset Management L.P. acquired a new position in SentinelOne in the 4th quarter worth about $63,120,000. Finally, Sylebra Capital LLC raised its position in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

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.