SentinelOne (NYSE:S) Shares Gap Down on Analyst Downgrade

Shares of SentinelOne, Inc. (NYSE:S) gapped down before the market opened on Thursday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. The stock had previously closed at $19.30, but opened at $17.87. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne shares last traded at $18.78, with a volume of 4,751,340 shares traded.

A number of other equities analysts have also recently issued reports on S. Needham & Company LLC lowered their price objective on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday. Sanford C. Bernstein lowered their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday. Westpark Capital reduced their target price on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group decreased their price target on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $26.59.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the completion of the sale, the insider now owns 529,118 shares in the company, valued at approximately $12,672,376.10. The trade was a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,818 shares of company stock worth $5,649,659. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth bought a new stake in SentinelOne during the fourth quarter worth $28,000. Crewe Advisors LLC bought a new stake in SentinelOne during the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new stake in SentinelOne during the fourth quarter worth $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne during the fourth quarter worth $38,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Price Performance

The stock has a fifty day moving average of $22.44 and a 200 day moving average of $24.06. The firm has a market capitalization of $5.87 billion, a P/E ratio of -19.43 and a beta of 0.78.

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.