SentinelOne (NYSE:S) Shares Down 2.3% After Analyst Downgrade

Shares of SentinelOne, Inc. (NYSE:S) traded down 2.3% during trading on Friday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne traded as low as $17.53 and last traded at $17.82. 2,027,413 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,929,913 shares. The stock had previously closed at $18.23.

Other equities analysts have also recently issued research reports about the company. Piper Sandler reduced their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday. Susquehanna reduced their price objective on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research note on Thursday. Barclays decreased their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday. Needham & Company LLC cut their target price on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Cantor Fitzgerald decreased their price target on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday. Seven investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $26.59.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 20,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value 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. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 10,178 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $243,763.10. Following the completion of the sale, the chief executive officer now directly owns 949,504 shares in the company, valued at approximately $22,740,620.80. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in S. Smartleaf Asset Management LLC boosted its holdings 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 SentinelOne during the fourth quarter worth approximately $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the fourth quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SentinelOne during the fourth quarter worth approximately $38,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Up 1.8 %

The company has a market cap of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78. The stock has a 50 day moving average price of $22.35 and a two-hundred day moving average price of $24.02.

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.