Stephens Begins Coverage on SentinelOne (NYSE:S)

Stephens initiated coverage on shares of SentinelOne (NYSE:S) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $25.00 price objective on the stock.

Other equities analysts have also issued reports about the company. UBS Group reduced their price target on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Susquehanna cut their target price on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a report on Thursday, March 13th. Jefferies Financial Group decreased their target price on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday. Scotiabank dropped their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group decreased their price objective on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.21.

SentinelOne Trading Up 2.3 %

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

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 20,186 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $399,077.22. Following the completion of the transaction, the chief executive officer now directly owns 900,111 shares of the company’s stock, valued at approximately $17,795,194.47. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 31,659 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the completion of the transaction, the insider now owns 477,271 shares in the company, valued at approximately $9,115,876.10. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 455,855 shares of company stock valued at $9,528,052. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the period. Avion Wealth bought a new stake in SentinelOne in the 4th quarter worth approximately $28,000. Crewe Advisors LLC bought a new stake in SentinelOne in the 4th quarter worth approximately $33,000. Arlington Trust Co LLC purchased a new stake in SentinelOne during the 4th quarter valued at $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne during the fourth quarter valued at $38,000. 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.