Bank of America Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective decreased by analysts at Bank of America from $29.00 to $24.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 29.33% from the stock’s current price.

Several other research firms have also issued reports on S. Westpark Capital dropped their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays dropped 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 report on Tuesday. Oppenheimer started coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. Scotiabank dropped their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SentinelOne has an average rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Stock Performance

Shares of S opened at $18.56 on Thursday. The company has a 50-day simple moving average of $22.35 and a 200-day simple moving average of $24.02. The firm has a market capitalization of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 39,477 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 900,249 shares in the company, valued at approximately $17,599,867.95. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the period. Avion Wealth acquired a new position in shares of SentinelOne in the 4th quarter valued at $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at $33,000. Arlington Trust Co LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the 4th quarter valued at $38,000. Institutional investors and hedge funds 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.