Robert W. Baird Forecasts Strong Price Appreciation for SentinelOne (NYSE:S) Stock

SentinelOne (NYSE:S) had its price objective increased by equities research analysts at Robert W. Baird from $30.00 to $32.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 16.15% from the stock’s current price.

A number of other research analysts have also weighed in on S. The Goldman Sachs Group restated a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Westpark Capital reiterated a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Finally, Sanford C. Bernstein reduced their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $29.04.

SentinelOne Stock Performance

Shares of S opened at $27.55 on Monday. The business has a 50-day moving average of $26.10 and a 200-day moving average of $23.04. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 23,567 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the transaction, the insider now directly owns 585,647 shares of the company’s stock, valued at $12,819,812.83. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 417,541 shares of company stock worth $10,032,448. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently bought and sold shares of the company. Champlain Investment Partners LLC bought a new stake in shares of SentinelOne in the 3rd quarter worth $80,604,000. Sylebra Capital LLC increased its holdings in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after buying an additional 2,282,980 shares in the last quarter. Atreides Management LP raised its position in SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after buying an additional 2,200,594 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in SentinelOne during the 2nd quarter valued at about $36,237,000. Finally, Eminence Capital LP lifted its stake in SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after acquiring an additional 1,337,145 shares during the period. 90.87% of the stock is currently owned by institutional investors.

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.