Robert W. Baird Issues Positive Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target hoisted by Robert W. Baird from $30.00 to $32.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on the stock. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Scotiabank upped their target price on SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. Westpark Capital reissued a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their target price on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.04.

SentinelOne Stock Performance

NYSE:S opened at $27.42 on Monday. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of -29.35 and a beta of 0.65. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The business has a fifty day moving average of $26.03 and a 200-day moving average of $23.00.

Insider Buying and Selling

In related news, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $252,190.80. Following the completion of the transaction, the chief financial officer now owns 489,003 shares in the company, valued at $11,149,268.40. The trade was a 2.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,541 shares of company stock worth $10,032,448 in the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Waldron Private Wealth LLC acquired a new position in SentinelOne in the 3rd quarter worth $26,000. Blue Trust Inc. acquired a new stake in SentinelOne during the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC boosted its stake in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the period. Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne in the second quarter valued at about $49,000. Finally, Capital Performance Advisors LLP bought a new position in SentinelOne during the third quarter worth about $55,000. Institutional investors and hedge funds 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.