SentinelOne (NYSE:S) Price Target Lowered to $23.00 at Jefferies Financial Group

SentinelOne (NYSE:S) had its price target dropped by stock analysts at Jefferies Financial Group from $25.00 to $23.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 23.68% from the stock’s previous close.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. dropped their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Westpark Capital reduced their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Wells Fargo & Company dropped their price target on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Piper Sandler lowered their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Scotiabank reduced their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

SentinelOne Price Performance

Shares of S opened at $18.60 on Monday. The stock has a market capitalization of $5.98 billion, a P/E ratio of -19.78 and a beta of 0.78. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The firm’s 50 day moving average is $21.54 and its 200-day moving average is $23.68.

Insider Activity

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 2,341 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the sale, the insider now directly owns 529,118 shares of the company’s stock, valued at $12,672,376.10. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 455,855 shares of company stock valued at $9,528,052 over the last ninety days. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth acquired a new position in SentinelOne during the 4th quarter worth about $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC acquired a new position in shares of SentinelOne in the fourth quarter worth approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in SentinelOne during the 4th quarter valued at approximately $38,000. Institutional investors own 90.87% of the company’s stock.

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.