Guggenheim Reaffirms “Buy” Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a research report issued on Wednesday,Benzinga reports. They currently have a $28.00 target price on the stock. Guggenheim’s price target points to a potential upside of 41.34% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Stephens began coverage on shares of SentinelOne in a research note on Tuesday, April 1st. They set an “overweight” rating and a $25.00 target price on the stock. Piper Sandler decreased their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Robert W. Baird decreased their target price on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Bank of America decreased their target price on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Morgan Stanley decreased their target price on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.10.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $19.81 on Wednesday. The firm has a fifty day moving average price of $18.57 and a 200 day moving average price of $21.91. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The stock has a market cap of $6.53 billion, a PE ratio of -21.07 and a beta of 0.81.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 1,496 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 3,187 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $59,086.98. Following the transaction, the insider now directly owns 1,058,025 shares of the company’s stock, valued at $19,615,783.50. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,498 shares of company stock valued at $8,136,199 in the last 90 days. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently made changes to their positions in the stock. CENTRAL TRUST Co bought a new position in SentinelOne in the first quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Finally, Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds 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.