Scotiabank Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target cut by equities researchers at Scotiabank from $26.00 to $19.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 2.39% from the company’s previous close.

A number of other brokerages have also weighed in on S. Needham & Company LLC lowered their price objective on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird lowered their price objective on SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday. Oppenheimer initiated coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Citigroup decreased their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Trading Up 1.8 %

Shares of S opened at $18.56 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The stock’s 50 day moving average is $22.35 and its two-hundred day moving average is $24.02. The firm has a market capitalization of $5.96 billion, a PE ratio of -19.74 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In other news, CAO Robin Tomasello sold 6,378 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. The trade was a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 253,818 shares of company stock worth $5,649,659. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its position in SentinelOne by 1.4% in the 4th 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 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 valued at $27,000 after buying an additional 556 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in SentinelOne by 4.6% in the 4th 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 boosted its position in SentinelOne by 4.0% in the 3rd 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 boosted its position in SentinelOne by 1.5% in the 3rd 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 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.