Morgan Stanley Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S - Free Report) had its target price cut by Morgan Stanley from $20.00 to $18.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also recently issued research reports about the company. Susquehanna reduced their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a research report on Thursday, March 13th. Jefferies Financial Group cut their target price on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group decreased their price target on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. UBS Group reduced their price objective on SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Stephens initiated coverage on SentinelOne in a report on Tuesday, April 1st. They set an "overweight" rating and a $25.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $26.14.

SentinelOne Trading Down 3.9 %

NYSE:S traded down $0.66 during mid-day trading on Wednesday, reaching $16.16. The company's stock had a trading volume of 3,878,527 shares, compared to its average volume of 4,968,817. The firm's fifty day moving average price is $19.63 and its two-hundred day moving average price is $23.00. The stock has a market cap of $5.33 billion, a P/E ratio of -17.19 and a beta of 0.82. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 1,496 shares of the 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 transaction, the chief accounting officer now directly owns 233,484 shares of the company's stock, valued at $4,615,978.68. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 81,619 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the sale, the chief executive officer now directly owns 879,494 shares in the company, valued at approximately $17,229,287.46. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 394,991 shares of company stock worth $8,157,395 over the last three months. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its stake in shares of SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after buying an additional 4,206,900 shares during the last quarter. Norges Bank purchased a new position in shares of SentinelOne during the 4th quarter valued at approximately $73,528,000. Point72 Asset Management L.P. acquired a new position in shares of SentinelOne in the 4th quarter valued at $63,120,000. Federated Hermes Inc. grew its position in SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after buying an additional 2,047,430 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in SentinelOne in the fourth quarter valued at $26,082,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.