SentinelOne (NYSE:S) Coverage Initiated at Stephens

Stephens assumed coverage on shares of SentinelOne (NYSE:S - Get Free Report) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $25.00 price target on the stock. Stephens' price objective indicates a potential upside of 32.77% from the company's current price.

A number of other research analysts have also recently commented on S. Oppenheimer initiated coverage on SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price target on the stock. Westpark Capital lowered their target price on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald cut their target price on SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Citigroup reduced their target price on SentinelOne from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Friday, January 17th. Finally, Barclays lowered their target price on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.21.

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SentinelOne Price Performance

Shares of SentinelOne stock traded up $0.22 on Tuesday, reaching $18.83. 2,789,687 shares of the company traded hands, compared to its average volume of 4,891,047. The firm has a market capitalization of $6.05 billion, a PE ratio of -20.03 and a beta of 0.78. The company has a 50 day moving average of $21.45 and a 200 day moving average of $23.65. 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, insider Ric Smith sold 10,624 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $210,036.48. Following the completion of the sale, the insider now directly owns 488,122 shares in the company, valued at $9,650,171.94. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 70,642 shares of the company's 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. This represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 455,855 shares of company stock valued at $9,528,052 in the last 90 days. Insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings 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. Avion Wealth bought a new stake in SentinelOne in the 4th quarter worth about $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the 4th quarter worth about $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

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.