Jefferies Financial Group Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target cut by investment analysts at Jefferies Financial Group from $25.00 to $23.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 27.53% from the stock’s previous close.

Other analysts have also issued reports about the stock. Canaccord Genuity Group cut their price target on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Piper Sandler cut their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company decreased their price target on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Morgan Stanley initiated coverage on shares of SentinelOne in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 price target for the company. Finally, UBS Group reduced their price objective on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.26.

SentinelOne Stock Down 4.3 %

NYSE:S traded down $0.81 during trading hours on Monday, reaching $18.04. 2,034,362 shares of the stock were exchanged, compared to its average volume of 4,886,448. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The business has a 50-day moving average of $21.71 and a two-hundred day moving average of $23.74. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of -19.22 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 1,496 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the transaction, the chief accounting officer now directly owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the completion of the sale, the insider now directly owns 531,459 shares in the company, valued at approximately $12,377,680.11. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in shares of SentinelOne by 715.4% during the fourth 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. Norges Bank acquired a new stake in SentinelOne during the 4th quarter worth approximately $73,528,000. Point72 Asset Management L.P. purchased a new position in SentinelOne in the fourth quarter valued at approximately $63,120,000. Sylebra Capital LLC lifted 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 acquiring an additional 2,282,980 shares in the last quarter. Finally, Atreides Management LP boosted its holdings in SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring 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.