SentinelOne (NYSE:S) Upgraded at Stephens

SentinelOne (NYSE:S) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also commented on S. Piper Sandler lowered their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Canaccord Genuity Group reduced their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Bank of America dropped their price objective on SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Needham & Company LLC decreased their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.21.

SentinelOne Trading Up 2.3 %

Shares of NYSE S opened at $18.60 on Monday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The firm’s 50-day moving average is $21.54 and its 200-day moving average is $23.68. The firm has a market capitalization of $5.98 billion, a PE ratio of -19.78 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 31,659 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the completion of the transaction, the insider now directly owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. This represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 20,186 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $399,077.22. Following the completion of the transaction, the chief executive officer now owns 900,111 shares of the company’s stock, valued at approximately $17,795,194.47. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 455,855 shares of company stock worth $9,528,052. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the period. Avion Wealth bought a new position in SentinelOne during the fourth quarter worth $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter valued at about $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne during the 4th quarter worth about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne during the 4th quarter worth about $38,000. 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.