Morgan Stanley Reaffirms Equal Weight Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a report released on Monday, Marketbeat.com reports. They presently have a $29.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 5.26% from the company’s current price.

S has been the subject of several other reports. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Citigroup raised their target price on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Wells Fargo & Company lifted their target price on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Robert W. Baird increased their price target on shares of SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Loop Capital lifted their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Stock Performance

Shares of S stock opened at $27.55 on Monday. The firm’s 50 day moving average price is $26.10 and its 200-day moving average price is $23.04. SentinelOne has a one year low of $14.33 and a one year high of $30.76.

Insider Activity at SentinelOne

In other news, CFO David J. Bernhardt sold 11,061 shares of SentinelOne stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $252,190.80. Following the transaction, the chief financial officer now directly owns 489,003 shares of the company’s stock, valued at $11,149,268.40. The trade was a 2.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keenan Michael Conder sold 11,097 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $253,011.60. Following the completion of the sale, the insider now owns 438,363 shares of the company’s stock, valued at approximately $9,994,676.40. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,541 shares of company stock valued at $10,032,448 over the last ninety days. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the period. Archford Capital Strategies LLC increased its stake in shares of SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after acquiring an additional 790 shares during the period. Avior Wealth Management LLC raised its holdings in SentinelOne by 4.0% during the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares in the last quarter. Straight Path Wealth Management lifted its position in SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares during the period. Finally, Bullseye Asset Management LLC boosted its holdings in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.