SentinelOne (NYSE:S) Given New $23.00 Price Target at Jefferies Financial Group

SentinelOne (NYSE:S) had its price objective reduced by stock analysts at Jefferies Financial Group from $25.00 to $23.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 27.53% from the stock’s previous close.

Several other equities research analysts have also commented on S. Westpark Capital reduced their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. UBS Group decreased their target price on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Oppenheimer assumed coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective for the company. Barclays decreased their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Finally, Morgan Stanley initiated coverage on SentinelOne in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.26.

SentinelOne Trading Down 4.3 %

S stock traded down $0.81 during midday trading on Monday, reaching $18.04. 2,034,362 shares of the company’s stock traded hands, compared to its average volume of 4,886,448. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.29. The stock has a market cap of $5.80 billion, a P/E ratio of -19.22 and a beta of 0.78. The stock’s 50-day moving average is $21.71 and its 200 day moving average is $23.74.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 1,496 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the sale, the chief accounting officer now directly owns 233,484 shares in the company, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 31,659 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the transaction, the insider now owns 477,271 shares in the company, valued at approximately $9,115,876.10. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 455,855 shares of company stock valued at $9,528,052. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock valued at $663,366,000 after buying an additional 399,056 shares in the last quarter. Sylebra Capital LLC increased its position in SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after purchasing an additional 564,327 shares during the last quarter. Eminence Capital LP boosted its holdings in SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock valued at $145,052,000 after purchasing an additional 392,986 shares during the last quarter. Invesco Ltd. grew its stake in shares of SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock valued at $128,494,000 after buying an additional 900,577 shares during the period. Finally, State Street Corp increased its holdings in shares of SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares during the last quarter. 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.