SentinelOne (NYSE:S) Price Target Cut to $24.00 by Analysts at Bank of America

SentinelOne (NYSE:S) had its price target reduced by Bank of America from $29.00 to $24.00 in a research note published on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Scotiabank cut their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday. UBS Group cut their price target on SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $30.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday. Finally, Barclays cut their price target on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday. Seven research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.59.

SentinelOne Stock Performance

Shares of NYSE S opened at $18.27 on Thursday. The stock has a market cap of $5.87 billion, a PE ratio of -19.43 and a beta of 0.78. The business has a fifty day moving average of $22.44 and a two-hundred day moving average of $24.06. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.29.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,377,680.11. The trade was a 2.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 939,726 shares in the company, valued at $22,760,163.72. The trade was a 6.99 % 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 currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock valued at $663,366,000 after acquiring an additional 399,056 shares in the last quarter. Sylebra Capital LLC lifted its stake in SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after acquiring an additional 564,327 shares in the last quarter. Eminence Capital LP lifted its stake in SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock valued at $145,052,000 after acquiring an additional 392,986 shares in the last quarter. Invesco Ltd. lifted its stake in SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock valued at $128,494,000 after acquiring an additional 900,577 shares in the last quarter. Finally, State Street Corp raised its stake in shares of SentinelOne by 11.3% during the 3rd 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 in the last quarter. Institutional investors own 90.87% of the company’s stock.

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.