SentinelOne (NYSE:S) Price Target Cut to $24.00 by Analysts at Cantor Fitzgerald

SentinelOne (NYSE:S) had its target price lowered by Cantor Fitzgerald from $30.00 to $24.00 in a report published on Thursday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on S. Guggenheim reissued a “buy” rating and set a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target on the stock. Scotiabank cut their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Needham & Company LLC reduced their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a report on Thursday. Seven research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.59.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $18.27 on Thursday. SentinelOne has a one year low of $14.33 and a one year high of $29.29. The company has a market cap of $5.87 billion, a P/E ratio of -19.43 and a beta of 0.78. The firm has a fifty day moving average of $22.44 and a two-hundred day moving average of $24.06.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the transaction, the insider now owns 529,118 shares of the company’s stock, valued at $12,672,376.10. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 70,642 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the sale, the chief executive officer now owns 939,726 shares in the company, valued at $22,760,163.72. This trade represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,818 shares of company stock worth $5,649,659. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

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