SentinelOne (NYSE:S) Given Equal Weight Rating at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of SentinelOne (NYSE:S) in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has a $29.00 price target on the stock.

S has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. Wells Fargo & Company lifted their target price on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Barclays raised their price objective on SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.04.

SentinelOne Trading Down 1.9 %

NYSE:S opened at $27.42 on Monday. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of -29.35 and a beta of 0.65. The firm has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $23.00.

Insider Activity

In related news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $252,190.80. Following the completion of the sale, the chief financial officer now owns 489,003 shares in the company, valued at approximately $11,149,268.40. This represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 417,541 shares of company stock worth $10,032,448. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the stock. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne during the 3rd quarter worth approximately $80,604,000. Sylebra Capital LLC raised its stake in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. Atreides Management LP lifted its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of SentinelOne in the 2nd quarter worth $36,237,000. Finally, Eminence Capital LP increased its holdings in shares of SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after buying an additional 1,337,145 shares during the last quarter. Institutional investors 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.