SentinelOne (NYSE:S) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of SentinelOne (NYSE:S) in a research report released on Monday, Marketbeat reports. Morgan Stanley currently has a $29.00 price target on the stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Barclays upped their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Scotiabank raised their price target on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Price Performance

S stock opened at $27.42 on Monday. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The business has a 50-day moving average price of $26.03 and a 200 day moving average price of $23.00. The company has a market capitalization of $8.70 billion, a P/E ratio of -29.35 and a beta of 0.65.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,541 shares of company stock valued at $10,032,448 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in S. Waldron Private Wealth LLC acquired a new position in SentinelOne in the third quarter valued at approximately $26,000. Blue Trust Inc. purchased a new stake in SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the last quarter. Unique Wealth Strategies LLC purchased a new position in SentinelOne during the second quarter worth about $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of SentinelOne during the third quarter valued at about $55,000. Institutional investors and hedge funds 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.