SentinelOne (NYSE:S) Given New $22.00 Price Target at Wells Fargo & Company

SentinelOne (NYSE:S - Get Free Report) had its price objective dropped by investment analysts at Wells Fargo & Company from $30.00 to $22.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 15.87% from the stock's current price.

S has been the subject of several other research reports. Westpark Capital lowered their price objective on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Jefferies Financial Group raised shares of SentinelOne from a "hold" rating to a "buy" rating and raised their price target for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Scotiabank boosted their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, December 5th. Piper Sandler lowered their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, UBS Group cut SentinelOne from a "buy" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.59.

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SentinelOne Stock Up 2.6 %

Shares of NYSE S traded up $0.48 on Thursday, hitting $18.99. The company had a trading volume of 6,420,000 shares, compared to its average volume of 4,834,374. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The firm has a market capitalization of $6.10 billion, a P/E ratio of -20.20 and a beta of 0.78. The business has a 50 day moving average of $22.19 and a two-hundred day moving average of $23.93.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the transaction, the chief executive officer now owns 900,249 shares of the company's stock, valued at $17,599,867.95. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 253,818 shares of company stock worth $5,649,659. Insiders own 5.60% of the company's stock.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP boosted its stake in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after buying an additional 4,206,900 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in SentinelOne in the 3rd quarter valued at about $80,604,000. Norges Bank bought a new position in shares of SentinelOne during the 4th quarter valued at about $73,528,000. Point72 Asset Management L.P. acquired a new position in shares of SentinelOne in the 4th quarter worth approximately $63,120,000. Finally, Sylebra Capital LLC raised its holdings in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after purchasing an additional 2,282,980 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.