SentinelOne (NYSE:S) Price Target Lowered to $23.00 at Jefferies Financial Group

SentinelOne (NYSE:S) had its price objective lowered by Jefferies Financial Group from $25.00 to $23.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on S. Canaccord Genuity Group decreased their target price on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Robert W. Baird decreased their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. UBS Group cut their target price on SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Sanford C. Bernstein dropped their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $26.26.

SentinelOne Stock Performance

Shares of S stock opened at $18.19 on Monday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The firm has a market capitalization of $5.85 billion, a PE ratio of -19.35 and a beta of 0.78. The stock has a fifty day moving average of $21.62 and a two-hundred day moving average of $23.71.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. The trade was a 6.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robin Tomasello sold 1,496 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the sale, the chief accounting officer now directly owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

Several large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 556 shares in the last quarter. Avion Wealth bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new stake in shares of SentinelOne in the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne during the 4th quarter worth $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne in the 4th quarter valued at $38,000. 90.87% of the stock is owned by institutional investors.

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.