Canaccord Genuity Group Cuts SentinelOne (NYSE:S) Price Target to $26.00

SentinelOne (NYSE:S) had its price objective cut by investment analysts at Canaccord Genuity Group from $30.00 to $26.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 40.11% from the stock’s current price.

S has been the subject of several other reports. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Susquehanna reduced their price objective on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their price objective on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. Cantor Fitzgerald started coverage on SentinelOne in a research report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target for the company. Finally, Scotiabank reduced their price target on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday. Seven research 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 stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Stock Up 1.8 %

Shares of NYSE:S opened at $18.56 on Thursday. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.29. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78. The business has a 50-day moving average price of $22.35 and a 200-day moving average price of $24.02.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 10,178 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $243,763.10. Following the transaction, the chief executive officer now owns 949,504 shares of the company’s stock, valued at $22,740,620.80. This represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 253,818 shares of company stock valued at $5,649,659 over the last ninety days. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently modified their holdings of S. Marshall Wace LLP lifted its stake in shares of SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of SentinelOne in the 3rd quarter valued at $80,604,000. Norges Bank acquired a new position in shares of SentinelOne in the 4th quarter valued at $73,528,000. Point72 Asset Management L.P. acquired a new position in shares of SentinelOne in the 4th quarter valued at $63,120,000. Finally, Sylebra Capital LLC raised its holdings in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the period. Institutional investors and hedge funds 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.