Wells Fargo & Company Lowers SentinelOne (NYSE:S) Price Target to $22.00

SentinelOne (NYSE:S) had its target price lowered by equities research analysts at Wells Fargo & Company from $30.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 18.55% from the stock’s previous close.

A number of other analysts have also commented on S. Sanford C. Bernstein decreased their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Barclays decreased their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday. Scotiabank boosted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Finally, Westpark Capital decreased their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday. Seven 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Stock Up 1.8 %

NYSE:S opened at $18.56 on Thursday. The firm has a market capitalization of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78. The company has a fifty day moving average of $22.35 and a 200-day moving average of $24.02. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares of the company’s stock, valued at $22,760,163.72. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were 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 in the company, 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 ninety days, insiders have sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth purchased a new stake in shares of SentinelOne in the fourth quarter worth about $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne in the fourth quarter worth about $38,000. 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.