SentinelOne (NYSE:S) Price Target Cut to $25.00 by Analysts at Jefferies Financial Group

SentinelOne (NYSE:S - Get Free Report) had its price target cut by research analysts at Jefferies Financial Group from $30.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 31.59% from the stock's current price.

Several other research firms have also commented on S. Cantor Fitzgerald reduced their price target on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday. Barclays cut their price objective on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday. Scotiabank decreased their target price on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a report on Thursday. Finally, Morgan Stanley lowered their target price on SentinelOne from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.59.

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SentinelOne Stock Performance

Shares of S stock traded down $0.30 during trading hours on Thursday, reaching $19.00. The company had a trading volume of 14,047,624 shares, compared to its average volume of 4,814,537. The firm has a market cap of $6.11 billion, a PE ratio of -20.17 and a beta of 0.78. The business has a fifty day moving average price of $22.44 and a 200-day moving average price of $24.06. SentinelOne has a one year low of $14.33 and a one year high of $29.29.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the transaction, the chief executive officer now owns 959,682 shares of the company's stock, valued at $22,782,850.68. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Robin Tomasello sold 6,378 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were 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 directly owns 230,685 shares of the company's stock, valued at approximately $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,682 shares of company stock worth $7,094,571. Insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in SentinelOne by 14.3% during the third quarter. Amalgamated Bank now owns 14,886 shares of the company's stock valued at $356,000 after purchasing an additional 1,857 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of SentinelOne by 6.4% during the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock valued at $442,000 after buying an additional 1,111 shares during the last quarter. Covestor Ltd boosted its holdings in shares of SentinelOne by 649.3% in the 3rd quarter. Covestor Ltd now owns 3,267 shares of the company's stock valued at $78,000 after buying an additional 2,831 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of SentinelOne in the 3rd quarter worth approximately $225,000. Finally, KBC Group NV raised its stake in shares of SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company's stock worth $1,566,000 after acquiring an additional 58,000 shares in the last quarter. 90.87% of the stock is currently owned by 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.

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