Jefferies Financial Group Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective dropped by equities researchers at Jefferies Financial Group from $30.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 31.59% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Scotiabank decreased their target price on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday. Morgan Stanley lowered their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird reduced their price target on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday. UBS Group lowered their price objective on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group cut their target price on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $26.59.

SentinelOne Stock Performance

NYSE S traded down $0.30 during trading hours on Thursday, reaching $19.00. The stock had a trading volume of 14,047,624 shares, compared to its average volume of 4,814,537. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.29. The stock has a fifty day moving average of $22.44 and a 200 day moving average of $24.06. The stock has a market cap of $6.11 billion, a P/E ratio of -20.17 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total value of $331,763.25. Following the sale, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 314,682 shares of company stock worth $7,094,571 over the last three months. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently bought and sold shares of the stock. KBC Group NV grew its position in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after buying an additional 58,000 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of SentinelOne in the 3rd quarter valued at $4,816,000. Charles Schwab Investment Management Inc. grew its stake in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after purchasing an additional 921,572 shares in the last quarter. Carnegie Investment Counsel acquired a new position in shares of SentinelOne during the fourth quarter worth $7,167,000. Finally, Banco Santander S.A. acquired a new stake in SentinelOne in the third quarter valued at $5,002,000. Institutional investors and hedge funds 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.