SentinelOne (NYSE:S) Price Target Lowered to $19.00 at Scotiabank

SentinelOne (NYSE:S) had its price target decreased by Scotiabank from $26.00 to $19.00 in a research note issued to investors on Thursday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Several other brokerages also recently commented on S. Robert W. Baird lowered their target price on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday. Oppenheimer assumed coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective for the company. Needham & Company LLC cut their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday. Finally, UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Trading Down 5.4 %

Shares of SentinelOne stock opened at $18.27 on Thursday. The stock has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $24.06. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market capitalization of $5.87 billion, a P/E ratio of -19.43 and a beta of 0.78.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 20,188 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $394,675.40. Following the sale, the insider now owns 508,930 shares of the company’s stock, valued at approximately $9,949,581.50. This represents a 3.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the sale, 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. Insiders sold 253,818 shares of company stock valued at $5,649,659 over the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

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