Jefferies Financial Group Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target dropped by Jefferies Financial Group from $25.00 to $23.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 23.68% from the company’s previous close.

Several other equities analysts have also recently commented on S. UBS Group decreased their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Citigroup lowered their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Morgan Stanley began coverage on shares of SentinelOne in a report on Tuesday, March 18th. They set an “equal weight” rating and a $20.00 price target for the company. Scotiabank decreased their price objective on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

SentinelOne Stock Up 2.3 %

NYSE:S opened at $18.60 on Monday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29. The stock’s fifty day moving average is $21.54 and its two-hundred day moving average is $23.68. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of -19.78 and a beta of 0.78.

Insider Buying and Selling

In other news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the transaction, the chief accounting officer now owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 70,642 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP boosted its stake in 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 acquiring an additional 4,206,900 shares during the last quarter. Norges Bank acquired a new position in shares of SentinelOne in the 4th quarter worth approximately $73,528,000. Point72 Asset Management L.P. bought a new stake in shares of SentinelOne in the 4th quarter valued at approximately $63,120,000. Sylebra Capital LLC lifted its stake in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Finally, Atreides Management LP boosted its holdings in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.