SentinelOne (NYSE:S) Stock Price Down 2.3% After Analyst Downgrade

SentinelOne, Inc. (NYSE:S)’s stock price dropped 2.3% during mid-day trading on Friday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne traded as low as $17.53 and last traded at $17.82. Approximately 2,027,413 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 4,929,913 shares. The stock had previously closed at $18.23.

A number of other research firms also recently issued reports on S. Susquehanna decreased their price objective on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group dropped their price objective on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday. Guggenheim reaffirmed a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein lowered their target price 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. 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 stock. According to data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and a consensus target price of $26.59.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the sale, the insider now owns 529,118 shares in the company, valued at $12,672,376.10. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,818 shares of company stock valued at $5,649,659 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of S. Guggenheim Capital LLC lifted its holdings in 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 purchasing an additional 478 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in SentinelOne by 86.6% during 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 in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in SentinelOne by 4.6% during 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 last quarter. Avior Wealth Management LLC grew its stake in shares of SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after buying an additional 898 shares in the last quarter. Finally, Bullseye Asset Management LLC increased its holdings in shares of SentinelOne by 1.5% in the 3rd 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 during the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Trading Down 2.4 %

The firm’s 50-day moving average price is $22.35 and its 200-day moving average price is $24.02. The stock has a market capitalization of $5.71 billion, a PE ratio of -18.85 and a beta of 0.78.

About SentinelOne

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.