Robert W. Baird Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective reduced by Robert W. Baird from $30.00 to $28.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 44.89% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Sanford C. Bernstein reduced their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Westpark Capital restated a “buy” rating and set a $34.00 price target on shares of SentinelOne in a report on Tuesday, December 3rd. Barclays reduced their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Cantor Fitzgerald assumed coverage on SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.78.

SentinelOne Trading Up 3.1 %

Shares of SentinelOne stock opened at $19.33 on Tuesday. SentinelOne has a 12 month low of $14.33 and a 12 month high of $29.29. The business has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $24.10. The firm has a market capitalization of $6.21 billion, a P/E ratio of -20.56 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares in the company, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 314,682 shares of company stock worth $7,094,571 in the last three months. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth purchased a new position in SentinelOne in the 4th quarter worth approximately $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the 4th quarter worth approximately $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne in the 4th quarter worth approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the 4th quarter worth approximately $38,000. 90.87% of the stock is owned by hedge funds and other 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.