Needham & Company LLC Cuts SentinelOne (NYSE:S) Price Target to $23.00

SentinelOne (NYSE:S) had its target price cut by Needham & Company LLC from $32.00 to $23.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

S has been the topic of a number of other research reports. Scotiabank boosted their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Robert W. Baird decreased their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Citigroup reduced their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, Oppenheimer began coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.59.

SentinelOne Trading Up 1.8 %

S stock opened at $18.56 on Thursday. The company has a market cap of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29. The company’s 50-day moving average price is $22.27 and its 200 day moving average price is $23.97.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 10,178 shares of SentinelOne stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $243,763.10. Following the completion of the sale, the chief executive officer now directly owns 949,504 shares in the company, valued at approximately $22,740,620.80. The trade was a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently modified their holdings of S. Amalgamated Bank lifted its position in shares of SentinelOne by 14.3% in the 3rd quarter. Amalgamated Bank now owns 14,886 shares of the company’s stock worth $356,000 after purchasing an additional 1,857 shares during the period. Principal Financial Group Inc. raised its position in shares of SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after acquiring an additional 1,111 shares in the last quarter. Covestor Ltd lifted its stake in shares of SentinelOne by 649.3% in the 3rd quarter. Covestor Ltd now owns 3,267 shares of the company’s stock valued at $78,000 after purchasing an additional 2,831 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of SentinelOne during the 3rd quarter worth approximately $225,000. Finally, KBC Group NV grew its holdings in SentinelOne by 778.0% in the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 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.