Susquehanna Cuts SentinelOne (NYSE:S) Price Target to $25.00

SentinelOne (NYSE:S) had its price objective cut by Susquehanna from $30.00 to $25.00 in a research note published on Thursday morning,Benzinga reports. They currently have a positive rating on the stock.

A number of other brokerages have also issued reports on S. Scotiabank boosted their price target on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Piper Sandler reduced their price target on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $25.00 in a research report on Wednesday, January 15th. Finally, Barclays reduced their price target on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Price Performance

NYSE:S opened at $18.56 on Thursday. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The firm has a market capitalization of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78. The business has a 50 day simple moving average of $22.27 and a 200 day simple moving average of $23.97.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 10,178 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 949,504 shares in the company, valued at $22,740,620.80. This trade represents a 1.06 % 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 three months. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently modified their holdings of S. Vanguard Group Inc. lifted its position in SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock worth $663,366,000 after acquiring an additional 399,056 shares during the last quarter. Sylebra Capital LLC lifted its position in SentinelOne by 6.2% during the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after acquiring an additional 564,327 shares during the last quarter. Eminence Capital LP lifted its position in SentinelOne by 6.4% during the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock worth $145,052,000 after acquiring an additional 392,986 shares during the last quarter. Invesco Ltd. lifted its position in SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after acquiring an additional 900,577 shares during the last quarter. Finally, State Street Corp lifted its position in SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares during the last quarter. Institutional investors 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.