Westpark Capital Lowers SentinelOne (NYSE:S) Price Target to $31.00

SentinelOne (NYSE:S - Get Free Report) had its price target decreased by investment analysts at Westpark Capital from $34.00 to $31.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Westpark Capital's target price would suggest a potential upside of 71.10% from the stock's current price.

S has been the subject of a number of other research reports. Oppenheimer assumed coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 target price for the company. Sanford C. Bernstein dropped their price objective on shares of SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Morgan Stanley cut their target price on shares of SentinelOne from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Citigroup decreased their price target on SentinelOne from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Finally, Scotiabank lifted their price objective on SentinelOne from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.78.

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SentinelOne Price Performance

Shares of NYSE:S opened at $18.12 on Tuesday. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -19.27 and a beta of 0.78. The business's fifty day moving average price is $22.65 and its two-hundred day moving average price is $24.19. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the transaction, the chief executive officer now owns 959,682 shares in the company, valued at $22,658,092.02. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the chief accounting officer now directly owns 230,685 shares of the company's stock, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,798 shares of company stock valued at $9,033,329. Corporate insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after acquiring an additional 4,206,900 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of SentinelOne in the third quarter worth $80,604,000. Norges Bank acquired a new position in SentinelOne during the fourth quarter worth $73,528,000. Point72 Asset Management L.P. acquired a new position in SentinelOne during the fourth quarter worth $63,120,000. Finally, Sylebra Capital LLC grew its position in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. 90.87% of the stock is 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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