JPMorgan Chase & Co. Issues Positive Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price hoisted by JPMorgan Chase & Co. from $30.00 to $33.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley lifted their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Canaccord Genuity Group reiterated a “buy” rating and set a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Citigroup increased their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, Wedbush upgraded SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.96.

SentinelOne Trading Down 0.5 %

SentinelOne stock opened at $27.95 on Friday. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of -30.05 and a beta of 0.65. The stock has a 50 day moving average of $26.03 and a two-hundred day moving average of $23.00. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now directly owns 582,512 shares in the company, valued at $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,125 shares of company stock worth $10,367,734. 5.60% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of institutional investors and hedge funds have recently bought and sold shares of S. Allspring Global Investments Holdings LLC increased its holdings in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after buying an additional 743 shares during the period. Archford Capital Strategies LLC lifted its position in SentinelOne by 1.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after acquiring an additional 790 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in SentinelOne by 4.0% in the 3rd 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. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.