Canaccord Genuity Group Cuts SentinelOne (NYSE:S) Price Target to $26.00

SentinelOne (NYSE:S - Free Report) had its price target decreased by Canaccord Genuity Group from $30.00 to $26.00 in a research report sent to investors on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

S has been the topic of a number of other research reports. Guggenheim reissued a "buy" rating and issued a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Cantor Fitzgerald assumed coverage on shares of SentinelOne in a research note on Thursday, January 9th. They issued an "overweight" rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Needham & Company LLC decreased their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Oppenheimer initiated coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective for the company. Seven research 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.59.

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SentinelOne Stock Performance

Shares of NYSE S traded up $0.48 during midday trading on Thursday, hitting $18.99. 6,420,000 shares of the stock traded hands, compared to its average volume of 4,834,374. The firm has a market capitalization of $6.10 billion, a P/E ratio of -20.20 and a beta of 0.78. SentinelOne has a one year low of $14.33 and a one year high of $29.29. The firm has a 50-day moving average of $22.19 and a two-hundred day moving average of $23.93.

Insider Transactions at SentinelOne

In other news, CAO Robin Tomasello sold 6,378 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the sale, the chief accounting officer now directly owns 230,685 shares in the company, valued at $4,509,891.75. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 14,583 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now owns 531,459 shares in the company, valued at $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Smartleaf Asset Management LLC boosted its stake in SentinelOne by 86.6% during the fourth 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 purchased a new stake in shares of SentinelOne in the fourth quarter valued at $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter worth about $33,000. Arlington Trust Co LLC purchased a new position in shares of SentinelOne during the 4th quarter worth about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in SentinelOne during the 4th quarter valued at about $38,000. Hedge funds and other 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.