Jefferies Financial Group Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price trimmed by Jefferies Financial Group from $25.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on S. Oppenheimer started coverage on SentinelOne in a research report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target on the stock. Wells Fargo & Company cut their price target on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Guggenheim reissued a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a research note 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 for the company in a research report on Monday, March 10th. Finally, Sanford C. Bernstein lowered their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

SentinelOne Stock Performance

Shares of S opened at $18.83 on Monday. SentinelOne has a one year low of $14.33 and a one year high of $29.29. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -20.03 and a beta of 0.78. The stock’s fifty day moving average is $21.45 and its 200-day moving average is $23.65.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 70,642 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares of the company’s stock, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 10,624 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $210,036.48. Following the completion of the transaction, the insider now directly owns 488,122 shares in the company, valued at approximately $9,650,171.94. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 455,855 shares of company stock worth $9,528,052 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its holdings in shares of SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Norges Bank acquired a new stake in SentinelOne in the fourth quarter valued at $73,528,000. Point72 Asset Management L.P. bought a new position in SentinelOne during the fourth quarter worth about $63,120,000. Sylebra Capital LLC boosted its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares during the period. Finally, Atreides Management LP boosted its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. 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.