SentinelOne (NYSE:S) Shares Gap Down After Analyst Downgrade

SentinelOne, Inc. (NYSE:S) gapped down prior to trading on Thursday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. The stock had previously closed at $19.30, but opened at $17.87. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne shares last traded at $18.78, with a volume of 4,751,340 shares.

A number of other research firms have also commented on S. Cantor Fitzgerald reduced their target price on SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley dropped their price objective on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their target price on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. Sanford C. Bernstein dropped their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.59.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 253,818 shares of company stock valued at $5,649,659 in the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in S. Marshall Wace LLP raised its position in shares of SentinelOne by 715.4% in 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 during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of SentinelOne in the third quarter worth $80,604,000. Norges Bank purchased a new position in shares of SentinelOne in the fourth quarter worth $73,528,000. Point72 Asset Management L.P. acquired a new stake in shares of SentinelOne during the fourth quarter worth $63,120,000. Finally, Sylebra Capital LLC grew its holdings in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 1.8 %

The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $24.02.

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.