SentinelOne (NYSE:S) Shares Gap Down on Analyst Downgrade

SentinelOne, Inc. (NYSE:S - Get Free Report) shares gapped down before the market opened on Thursday after Susquehanna lowered their price target on the stock from $30.00 to $25.00. The stock had previously closed at $19.30, but opened at $17.87. Susquehanna currently has a positive rating on the stock. SentinelOne shares last traded at $18.78, with a volume of 4,751,340 shares trading hands.

Other equities analysts have also recently issued research reports about the company. Barclays dropped their price objective on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday. Westpark Capital reduced their target price on SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price objective 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. Sanford C. Bernstein reduced their price objective on SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Finally, Needham & Company LLC reduced their price objective on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday. Seven investment 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 stock. According to MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $28.11.

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Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares of the company's stock, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction that occurred 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 transaction, 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. Insiders sold 314,682 shares of company stock valued at $7,094,571 in the last three months. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently bought and sold shares of S. Guggenheim Capital LLC raised its position in shares of SentinelOne by 1.4% in the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock worth $764,000 after buying an additional 478 shares during the period. Smartleaf Asset Management LLC raised its position in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after purchasing an additional 724 shares during the period. Avior Wealth Management LLC boosted its stake in shares of SentinelOne by 4.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company's stock valued at $553,000 after buying an additional 898 shares during the last quarter. Finally, Bullseye Asset Management LLC grew its position in shares of SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock worth $1,605,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Price Performance

The stock has a market cap of $6.04 billion, a price-to-earnings ratio of -20.04 and a beta of 0.78. The business's fifty day simple moving average is $22.50 and its 200 day simple moving average is $24.10.

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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