Piper Sandler Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S - Get Free Report) had its price objective reduced by equities research analysts at Piper Sandler from $32.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price objective indicates a potential upside of 44.89% from the stock's current price.

Several other equities research analysts have also commented on S. JPMorgan Chase & Co. dropped their price objective on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday. Robert W. Baird dropped their price target on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research report on Tuesday. Oppenheimer began coverage on SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective for the company. Barclays dropped their target price on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Sanford C. Bernstein reduced their price target on SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.30.

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SentinelOne Stock Up 3.1 %

Shares of S stock opened at $19.33 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of -20.56 and a beta of 0.78. The business's fifty day moving average is $22.50 and its 200 day moving average is $24.10.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,782,850.68. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 2,341 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the completion of the transaction, the insider now directly owns 529,118 shares of the company's stock, valued at $12,672,376.10. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 314,682 shares of company stock worth $7,094,571 in the last 90 days. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC increased its holdings in shares of SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock worth $764,000 after purchasing an additional 478 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% in 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 during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of SentinelOne by 4.6% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after acquiring an additional 724 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of SentinelOne by 4.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company's stock valued at $553,000 after acquiring an additional 898 shares during the last quarter. Finally, Bullseye Asset Management LLC grew its holdings in shares of SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock valued at $1,605,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other 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.

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