SentinelOne (NYSE:S) Price Target Cut to $24.00 by Analysts at Cantor Fitzgerald

SentinelOne (NYSE:S) had its price target reduced by Cantor Fitzgerald from $30.00 to $24.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently commented on S. JPMorgan Chase & Co. reduced their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Canaccord Genuity Group reduced their price objective on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler lowered their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley reduced their price target on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Oppenheimer initiated coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Trading Up 1.8 %

Shares of S stock opened at $18.56 on Thursday. The stock has a 50 day simple moving average of $22.27 and a 200-day simple moving average of $23.97. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the transaction, the chief executive officer now directly owns 900,249 shares of the company’s stock, valued at $17,599,867.95. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 253,818 shares of company stock valued at $5,649,659. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its holdings in shares of SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after buying an additional 4,206,900 shares during the period. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne during the 3rd quarter valued at about $80,604,000. Norges Bank purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $73,528,000. Point72 Asset Management L.P. purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $63,120,000. Finally, Sylebra Capital LLC raised its holdings in shares of SentinelOne by 33.7% during the 3rd 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 period. 90.87% of the stock is 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.