Scotiabank Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective lowered by Scotiabank from $26.00 to $19.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

S has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday. Sanford C. Bernstein reduced their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Morgan Stanley decreased their target price on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Westpark Capital cut their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Piper Sandler decreased their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday. 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. According to MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Trading Down 5.4 %

S opened at $18.27 on Thursday. The stock has a market capitalization of $5.87 billion, a P/E ratio of -19.43 and a beta of 0.78. The stock has a 50-day moving average price of $22.44 and a 200-day moving average price of $24.06. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 20,188 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $394,675.40. Following the completion of the transaction, the insider now owns 508,930 shares of the company’s stock, valued at approximately $9,949,581.50. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares in the company, 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. In the last quarter, insiders have sold 253,818 shares of company stock worth $5,649,659. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

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