SentinelOne (NYSE:S) Price Target Lowered to $24.00 at Bank of America

SentinelOne (NYSE:S - Get Free Report) had its price target decreased by research analysts at Bank of America from $29.00 to $24.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price would suggest a potential upside of 27.25% from the company's previous close.

S has been the subject of a number of other research reports. Barclays cut their target price 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 lowered their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Thursday. Piper Sandler reduced their price objective on SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday. Oppenheimer assumed coverage on SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective on the stock. Finally, Morgan Stanley reduced their target price on SentinelOne from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Seven equities research 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.78.

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SentinelOne Stock Performance

NYSE S traded down $0.44 on Thursday, reaching $18.86. The company's stock had a trading volume of 13,458,149 shares, compared to its average volume of 4,800,242. The firm's 50 day moving average is $22.44 and its two-hundred day moving average is $24.06. The stock has a market cap of $6.06 billion, a PE ratio of -20.07 and a beta of 0.78. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29.

Insider Activity

In related news, CEO Tomer Weingarten sold 70,642 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares in the company, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 14,583 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the transaction, the insider now owns 531,459 shares of the company's stock, valued at $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 314,682 shares of company stock valued at $7,094,571. 5.60% of the stock is owned by insiders.

Institutional Trading of SentinelOne

Several institutional investors have recently added to or reduced their stakes in S. Vanguard Group Inc. increased its position in shares of SentinelOne by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock worth $663,366,000 after buying an additional 399,056 shares during the period. Sylebra Capital LLC grew its holdings in SentinelOne by 6.2% during the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after acquiring an additional 564,327 shares during the period. Eminence Capital LP raised its position in shares of SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock worth $145,052,000 after acquiring an additional 392,986 shares in the last quarter. Invesco Ltd. boosted its position in shares of SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after purchasing an additional 900,577 shares in the last quarter. Finally, State Street Corp grew its stake in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company's stock worth $121,325,000 after purchasing an additional 516,244 shares during the period. 90.87% of the stock is currently owned by 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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