Brokerages Set SentinelOne, Inc. (NYSE:S) PT at $26.13

Shares of SentinelOne, Inc. (NYSE:S) have received an average rating of “Moderate Buy” from the thirty-one analysts that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $26.13.

Several research analysts have recently commented on the stock. Scotiabank lowered their target price on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company lowered their target price on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group lowered their target price on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Jefferies Financial Group lowered their target price on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Stephens assumed coverage on shares of SentinelOne in a report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 target price on the stock.

SentinelOne Stock Up 0.3%

Shares of S stock opened at $20.05 on Friday. The firm has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $21.97. The company has a market capitalization of $6.61 billion, a PE ratio of -21.33 and a beta of 0.81. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the sale, the chief executive officer now directly owns 1,571,060 shares of the company’s stock, valued at approximately $29,127,452.40. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the sale, the insider now directly owns 529,118 shares of the company’s stock, valued at approximately $11,090,313.28. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,498 shares of company stock worth $8,136,199. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Carnegie Investment Counsel bought a new stake in shares of SentinelOne during the fourth quarter worth about $7,167,000. Franklin Resources Inc. increased its position in shares of SentinelOne by 5.5% during the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock worth $698,000 after acquiring an additional 1,366 shares in the last quarter. SG Americas Securities LLC increased its position in shares of SentinelOne by 74.8% during the fourth quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after acquiring an additional 24,453 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in shares of SentinelOne by 130.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company’s stock worth $5,106,000 after acquiring an additional 130,000 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of SentinelOne by 26.4% during the fourth quarter. US Bancorp DE now owns 49,873 shares of the company’s stock worth $1,107,000 after acquiring an additional 10,413 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

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.