SentinelOne (NYSE:S) Given New $28.00 Price Target at Robert W. Baird

SentinelOne (NYSE:S - Get Free Report) had its target price lowered by research analysts at Robert W. Baird from $30.00 to $28.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 54.54% from the company's previous close.

S has been the subject of a number of other reports. 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 target for the company. Morgan Stanley lowered their target price on SentinelOne from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Westpark Capital reaffirmed a "buy" rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. lowered their price objective on SentinelOne from $33.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Guggenheim restated a "buy" rating and set a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.11.

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SentinelOne Trading Down 8.7 %

Shares of SentinelOne stock opened at $18.12 on Tuesday. The company's fifty day simple moving average is $22.65 and its two-hundred day simple moving average is $24.19. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market cap of $5.82 billion, a P/E ratio of -19.27 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the transaction, the insider now owns 531,459 shares in the company, valued at $12,377,680.11. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the sale, the chief executive officer now owns 959,682 shares of the company's stock, valued at $22,658,092.02. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 396,798 shares of company stock worth $9,033,329. Insiders own 5.60% of the company's stock.

Institutional Trading of SentinelOne

Several hedge funds have recently bought and sold shares of S. Amalgamated Bank raised its stake in shares of SentinelOne by 14.3% in the third quarter. Amalgamated Bank now owns 14,886 shares of the company's stock worth $356,000 after buying an additional 1,857 shares during the period. Principal Financial Group Inc. raised its stake in SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after acquiring an additional 1,111 shares during the period. Covestor Ltd lifted its holdings in SentinelOne by 649.3% during the third quarter. Covestor Ltd now owns 3,267 shares of the company's stock valued at $78,000 after purchasing an additional 2,831 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of SentinelOne during the 3rd quarter valued at $13,342,000. Finally, Rakuten Securities Inc. lifted its stake in shares of SentinelOne by 93.0% during the 3rd quarter. Rakuten Securities Inc. now owns 35,462 shares of the company's stock valued at $848,000 after buying an additional 17,092 shares in the last quarter. 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.

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