SentinelOne (NYSE:S) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of SentinelOne (NYSE:S) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $20.00 price objective on the stock.

S has been the topic of a number of other reports. Bank of America decreased their price objective on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company decreased their price target on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Sanford C. Bernstein decreased their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, Canaccord Genuity Group reduced their price objective on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

SentinelOne Price Performance

S stock opened at $19.35 on Tuesday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The firm has a market capitalization of $6.22 billion, a PE ratio of -20.58 and a beta of 0.78. The business has a 50 day simple moving average of $22.13 and a 200-day simple moving average of $23.90.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the sale, the chief accounting officer now owns 230,685 shares in the company, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 39,477 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the sale, the chief executive officer now owns 900,249 shares of the company’s stock, valued at approximately $17,599,867.95. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 253,818 shares of company stock valued at $5,649,659 over the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 556 shares during the period. Avion Wealth purchased a new stake in shares of SentinelOne during the 4th quarter valued at $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne during the 4th quarter valued at $38,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.