SentinelOne (NYSE:S) Shares Down 2.3% After Analyst Downgrade

Shares of SentinelOne, Inc. (NYSE:S) fell 2.3% during trading on Friday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne traded as low as $17.53 and last traded at $17.82. 2,027,413 shares traded hands during trading, a decline of 59% from the average session volume of 4,929,913 shares. The stock had previously closed at $18.23.

Several other equities research analysts have also issued reports on S. Wells Fargo & Company lowered their target price on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday. Guggenheim reiterated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Scotiabank cut their target price on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Robert W. Baird dropped their target price on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Seven 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.59.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 253,818 shares of company stock worth $5,649,659 over the last three months. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

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

SentinelOne Stock Performance

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

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.