SentinelOne (NYSE:S) Price Target Raised to $33.00

SentinelOne (NYSE:S) had its price objective lifted by JPMorgan Chase & Co. from $30.00 to $33.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. DA Davidson boosted their price target on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JMP Securities reiterated a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. Scotiabank raised their price target on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Finally, Westpark Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.96.

SentinelOne Trading Down 0.5 %

S stock opened at $27.95 on Friday. The firm has a 50-day moving average of $26.03 and a two-hundred day moving average of $23.00. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The company has a market cap of $8.87 billion, a price-to-earnings ratio of -30.05 and a beta of 0.65.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now directly owns 582,512 shares of the company’s stock, valued at $15,290,940. The trade was a 0.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,125 shares of company stock worth $10,367,734. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne during the third quarter worth about $26,000. Blue Trust Inc. purchased a new position in SentinelOne during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its position in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of SentinelOne in the second quarter valued at approximately $49,000. 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.