Morgan Stanley Initiates Coverage on SentinelOne (NYSE:S)

Analysts at Morgan Stanley started coverage on shares of SentinelOne (NYSE:S - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set an "equal weight" rating and a $20.00 price target on the stock. Morgan Stanley's target price would suggest a potential upside of 3.80% from the company's previous close.

A number of other analysts have also commented on S. 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. Barclays dropped their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company lowered their target price on SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group lowered their target price on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and an average target price of $26.33.

Remove Ads

SentinelOne Stock Down 0.5 %

Shares of SentinelOne stock traded down $0.10 on Tuesday, reaching $19.27. The company's stock had a trading volume of 8,164,786 shares, compared to its average volume of 4,850,012. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -20.50 and a beta of 0.78. The firm's fifty day simple moving average is $21.94 and its two-hundred day simple moving average is $23.82. 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, CAO Robin Tomasello sold 6,378 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now owns 230,685 shares in the company, valued at $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 31,659 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total value of $604,686.90. Following the sale, the insider now owns 477,271 shares of the company's stock, valued at approximately $9,115,876.10. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 367,096 shares of company stock worth $7,853,262 over the last 90 days. Company insiders own 5.60% of the company's stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently bought and sold shares of S. Marshall Wace LLP lifted its holdings in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after buying an additional 4,206,900 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of SentinelOne during the third quarter worth $80,604,000. Norges Bank acquired a new position in shares of SentinelOne during the fourth quarter worth $73,528,000. Point72 Asset Management L.P. acquired a new position in shares of SentinelOne during the fourth quarter worth $63,120,000. Finally, Sylebra Capital LLC increased its position in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. 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.