Piper Sandler Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price lowered by investment analysts at Piper Sandler from $32.00 to $28.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 50.89% from the stock’s previous close.

S has been the subject of several other reports. Barclays decreased their price objective on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $30.00 in a report on Thursday, December 19th. UBS Group downgraded SentinelOne from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $25.00 in a report on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and issued a $32.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Finally, Guggenheim restated a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Seven equities 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.com, SentinelOne has an average rating of “Moderate Buy” and an average target price of $26.59.

SentinelOne Price Performance

S stock opened at $18.56 on Thursday. The business has a 50-day moving average price of $22.35 and a 200 day moving average price of $24.02. The company has a market capitalization of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78. SentinelOne has a 1-year low of $14.33 and a 1-year high of $29.29.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the transaction, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 253,818 shares of company stock worth $5,649,659. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth purchased a new stake in SentinelOne in the 4th quarter worth approximately $28,000. Crewe Advisors LLC purchased a new stake in SentinelOne in the 4th quarter worth approximately $33,000. Arlington Trust Co LLC purchased a new stake in SentinelOne in the 4th quarter worth approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne in the 4th quarter worth approximately $38,000. 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.