SentinelOne, Inc. (NYSE:S - Get Free Report) shares dropped 2.3% during mid-day trading on Friday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne traded as low as $17.53 and last traded at $17.82. Approximately 2,027,413 shares changed hands during trading, a decline of 59% from the average daily volume of 4,929,913 shares. The stock had previously closed at $18.23.
A number of other research firms have also commented on S. Barclays dropped their price objective 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. Susquehanna dropped their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research note on Thursday, March 13th. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price objective on the stock. Robert W. Baird dropped their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company dropped their price objective on SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Seven investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.
Get Our Latest Stock Analysis on S
Insider Activity at SentinelOne
In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the sale, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,818 shares of company stock worth $5,649,659. 5.60% of the stock is owned by company insiders.
Institutional Trading of SentinelOne
A number of hedge funds and other institutional investors have recently bought and sold shares of S. California State Teachers Retirement System increased its stake in shares of SentinelOne by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 259,147 shares of the company's stock valued at $5,753,000 after buying an additional 1,210 shares during the period. Sylebra Capital LLC increased its stake in shares of SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock valued at $213,415,000 after buying an additional 564,327 shares during the period. Brooklyn FI LLC increased its stake in shares of SentinelOne by 1,688.9% during the fourth quarter. Brooklyn FI LLC now owns 161,000 shares of the company's stock valued at $3,574,000 after buying an additional 152,000 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of SentinelOne during the fourth quarter valued at $97,000. Finally, Castleark Management LLC purchased a new position in shares of SentinelOne during the fourth quarter valued at $6,591,000. Hedge funds and other institutional investors own 90.87% of the company's stock.
SentinelOne Stock Up 2.3 %
The stock has a market cap of $6.22 billion, a PE ratio of -20.58 and a beta of 0.78. The firm has a 50 day moving average price of $22.19 and a 200 day moving average price of $23.93.
About SentinelOne
(
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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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