SentinelOne (NYSE:S) Price Target Cut to $19.00 by Analysts at UBS Group

SentinelOne (NYSE:S) had its price target decreased by UBS Group from $25.00 to $19.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. Piper Sandler dropped their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer assumed coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price for the company. Wells Fargo & Company dropped their target price on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. Susquehanna dropped their target price on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a research report on Thursday. Finally, Needham & Company LLC dropped their target price on shares of SentinelOne from $32.00 to $23.00 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.59.

SentinelOne Stock Performance

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 firm has a market cap of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78. The firm’s 50-day simple moving average is $22.27 and its 200 day simple moving average is $23.97.

Insider Activity

In related news, insider Ric Smith sold 20,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $394,675.40. Following the transaction, the insider now directly owns 508,930 shares of the company’s stock, valued at $9,949,581.50. This represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sylebra Capital LLC raised its holdings in SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after buying an additional 564,327 shares during the last quarter. Brooklyn FI LLC raised its holdings in SentinelOne by 1,688.9% during the fourth quarter. Brooklyn FI LLC now owns 161,000 shares of the company’s stock worth $3,574,000 after buying an additional 152,000 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in SentinelOne during the fourth quarter worth $97,000. Castleark Management LLC acquired a new position in SentinelOne during the fourth quarter worth $6,591,000. Finally, Ashford Capital Management Inc. raised its holdings in SentinelOne by 16.4% during the fourth quarter. Ashford Capital Management Inc. now owns 766,355 shares of the company’s stock worth $17,013,000 after buying an additional 107,920 shares during the last quarter. 90.87% of the stock is owned by 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.