Jefferies Financial Group Cuts SentinelOne (NYSE:S) Price Target to $25.00

SentinelOne (NYSE:S) had its target price reduced by Jefferies Financial Group from $30.00 to $25.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on S. Piper Sandler decreased their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday. Susquehanna cut their price objective on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a report on Thursday. Guggenheim reissued a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Oppenheimer initiated coverage on shares of SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Stock Performance

SentinelOne stock opened at $18.56 on Thursday. The company has a 50 day moving average price of $22.27 and a 200-day moving average price of $23.97. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The company has a market capitalization of $5.96 billion, a PE ratio of -19.74 and a beta of 0.78.

Insider Activity

In related news, insider Ric Smith sold 2,341 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the completion of the transaction, the insider now directly owns 529,118 shares in the company, valued at $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of the business’s stock in a transaction on 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 owns 939,726 shares of the company’s stock, valued at $22,760,163.72. This represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,818 shares of company stock valued at $5,649,659 over the last ninety days. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC raised its position in shares of SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock worth $764,000 after acquiring an additional 478 shares during the period. Smartleaf Asset Management LLC raised its position 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. Laird Norton Wetherby Wealth Management LLC raised its position in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock worth $365,000 after acquiring an additional 724 shares during the period. Avior Wealth Management LLC raised its position in shares of SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the period. Finally, Bullseye Asset Management LLC raised its position in shares of SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after acquiring an additional 1,000 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.