Wells Fargo & Company Cuts SentinelOne (NYSE:S) Price Target to $22.00

SentinelOne (NYSE:S) had its price target cut by Wells Fargo & Company from $30.00 to $22.00 in a research note published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also weighed in on S. Morgan Stanley decreased their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and lifted their target price for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Barclays decreased their target price 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. Piper Sandler decreased their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $25.00 in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Stock Up 1.8 %

S opened at $18.56 on Thursday. The business has a fifty day moving average of $22.27 and a 200 day moving average of $23.97. 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 P/E ratio of -19.74 and a beta of 0.78.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 39,477 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the sale, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $331,763.25. Following the completion of the sale, the insider now owns 531,459 shares in the company, valued at $12,090,692.25. The trade was 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 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the last quarter. Avion Wealth purchased a new position in SentinelOne in the fourth quarter worth approximately $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the fourth quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne in the fourth quarter valued at $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne in the fourth quarter valued at $38,000. 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.