Westpark Capital Lowers SentinelOne (NYSE:S) Price Target to $31.00

SentinelOne (NYSE:S) had its price target lowered by analysts at Westpark Capital from $34.00 to $31.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Westpark Capital’s target price indicates a potential upside of 60.41% from the company’s current price.

A number of other brokerages also recently issued reports on S. Morgan Stanley dropped their price target on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target on the stock. Barclays decreased their price target on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. decreased their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday. Seven 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.78.

SentinelOne Trading Up 3.1 %

Shares of S stock opened at $19.33 on Tuesday. The stock has a 50-day moving average of $22.50 and a 200-day moving average of $24.10. SentinelOne has a 1-year low of $14.33 and a 1-year high of $29.29. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of -20.56 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

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

Institutional Trading of SentinelOne

Several hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its holdings 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 during the period. Avion Wealth purchased a new position in shares of SentinelOne during the 4th quarter valued at $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne during the 4th quarter worth $33,000. Arlington Trust Co LLC purchased a new stake in SentinelOne in the 4th quarter worth about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne in the 4th quarter valued at about $38,000. Institutional investors 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.