Scotiabank Cuts SentinelOne (NYSE:S) Price Target to $19.00

SentinelOne (NYSE:S) had its price objective decreased by Scotiabank from $26.00 to $19.00 in a research note published on Thursday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Several other research analysts have also issued reports on S. Wells Fargo & Company lowered their price target on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group lowered shares of SentinelOne from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Westpark Capital lowered their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Barclays lowered their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Finally, Morgan Stanley lowered their price target on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Price Performance

Shares of NYSE S opened at $18.56 on Thursday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The company has a 50 day simple moving average of $22.27 and a 200 day simple moving average of $23.97. The firm has a market cap of $5.96 billion, a PE ratio of -19.74 and a beta of 0.78.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,818 shares of company stock valued at $5,649,659. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock worth $663,366,000 after purchasing an additional 399,056 shares during the period. Sylebra Capital LLC raised its stake in shares of SentinelOne by 6.2% during the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after purchasing an additional 564,327 shares during the period. Eminence Capital LP raised its stake in shares of SentinelOne by 6.4% during the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock worth $145,052,000 after purchasing an additional 392,986 shares during the period. Invesco Ltd. raised its stake in SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock valued at $128,494,000 after acquiring an additional 900,577 shares during the period. Finally, State Street Corp raised its stake in SentinelOne by 11.3% in the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after acquiring an additional 516,244 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.