Jefferies Financial Group Lowers SentinelOne (NYSE:S) Price Target to $25.00

SentinelOne (NYSE:S) had its price objective decreased by Jefferies Financial Group from $30.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 34.72% from the stock’s previous close.

A number of other equities research analysts have also recently commented on S. Citigroup reduced their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Oppenheimer began coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. Scotiabank reduced their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday. Piper Sandler dropped their price objective on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley dropped their price objective on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Seven investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Trading Up 1.8 %

NYSE:S opened at $18.56 on Thursday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78. The firm has a fifty day simple moving average of $22.35 and a two-hundred day simple moving average of $24.02. SentinelOne has a 12 month low of $14.33 and a 12 month high of $29.29.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $56,066.95. Following the sale, the insider now owns 529,118 shares of the company’s stock, valued at approximately $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The stock was 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 directly owns 900,249 shares in the company, 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 90 days, insiders have sold 253,818 shares of company stock valued at $5,649,659. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently modified their holdings of S. Marshall Wace LLP increased its stake in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in SentinelOne during the third quarter valued at approximately $80,604,000. Norges Bank purchased a new position in SentinelOne during the fourth quarter valued at approximately $73,528,000. Point72 Asset Management L.P. purchased a new position in SentinelOne during the fourth quarter valued at approximately $63,120,000. Finally, Sylebra Capital LLC grew 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 acquiring an additional 2,282,980 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.