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

SentinelOne (NYSE:S) had its target price lowered by equities researchers at UBS Group from $25.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 2.39% from the company’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird decreased their target price on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday. Susquehanna decreased their target price on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research report on Thursday. Piper Sandler decreased their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday. Guggenheim reiterated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their target price on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Price Performance

NYSE S opened at $18.56 on Thursday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78. The company’s fifty day moving average is $22.35 and its two-hundred day moving average is $24.02. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.29.

Insiders Place Their Bets

In other news, insider Ric Smith sold 20,188 shares of SentinelOne 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 completion of the sale, the insider now owns 508,930 shares in the company, valued at $9,949,581.50. The trade was a 3.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 39,477 shares of SentinelOne 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 sale, the chief executive officer now owns 900,249 shares of the company’s stock, valued at approximately $17,599,867.95. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,818 shares of company stock valued at $5,649,659. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares during the period. Avion Wealth acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $28,000. Crewe Advisors LLC acquired a new position in SentinelOne during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new stake in SentinelOne in the fourth quarter valued at approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.