Robert W. Baird Issues Positive Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target lifted by investment analysts at Robert W. Baird from $30.00 to $32.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 16.15% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Susquehanna upped their target price on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, September 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research note on Friday, September 13th. Morgan Stanley lifted their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Stock Performance

S stock opened at $27.55 on Monday. The stock’s fifty day moving average price is $26.10 and its 200-day moving average price is $23.04. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 3,135 shares of SentinelOne 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 transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the sale, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 417,541 shares of company stock worth $10,032,448 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV lifted its holdings in SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after buying an additional 58,000 shares in the last quarter. NorthRock Partners LLC bought a new stake in shares of SentinelOne during the third quarter valued at approximately $5,227,000. Charles Schwab Investment Management Inc. grew its stake in SentinelOne by 55.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after purchasing an additional 921,572 shares in the last quarter. Sycomore Asset Management increased its holdings in SentinelOne by 40.4% during the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after purchasing an additional 83,060 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in SentinelOne during the 3rd quarter valued at $2,392,000. 90.87% of the stock is owned by institutional investors.

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.