Canaccord Genuity Group Lowers SentinelOne (NYSE:S) Price Target to $26.00

SentinelOne (NYSE:S) had its price objective decreased by stock analysts at Canaccord Genuity Group from $30.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 40.11% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Barclays cut their target price on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. 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 report on Thursday. Citigroup cut their target price on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. UBS Group cut 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. Finally, Piper Sandler cut their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Price Performance

NYSE:S opened at $18.56 on Thursday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The stock’s 50 day simple moving average is $22.35 and its two-hundred day simple moving average is $24.02. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78.

Insider Buying and Selling

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

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after buying an additional 478 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in SentinelOne by 86.6% in the fourth 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 last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock valued at $365,000 after buying an additional 724 shares during the last quarter. Avior Wealth Management LLC raised its stake in SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after buying an additional 898 shares during the last quarter. Finally, Bullseye Asset Management LLC raised its stake in SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after buying an additional 1,000 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.