SentinelOne’s (S) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of SentinelOne (NYSE:S) in a research note published on Friday,Benzinga reports. The brokerage currently has a $24.00 target price on the stock.

Several other equities research analysts have also recently issued reports on S. Jefferies Financial Group decreased their price target on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Roth Capital set a $26.00 price objective on shares of SentinelOne and gave the stock a “buy” rating in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Susquehanna cut their price objective on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a report on Thursday, March 13th. Finally, UBS Group set a $21.00 price objective on shares of SentinelOne and gave the stock a “neutral” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.10.

SentinelOne Trading Down 0.2%

Shares of NYSE S opened at $19.75 on Friday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of -21.01 and a beta of 0.81. The company’s 50-day moving average price is $18.58 and its 200 day moving average price is $21.79.

Insider Activity

In other news, CEO Tomer Weingarten sold 81,619 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the sale, the chief executive officer now owns 879,494 shares of the company’s stock, valued at approximately $17,229,287.46. This trade represents a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the sale, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. The trade was a 2.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,498 shares of company stock worth $8,136,199 over the last 90 days. Company insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently made changes to their positions in S. Vanguard Group Inc. boosted its holdings in SentinelOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock worth $567,214,000 after purchasing an additional 1,318,533 shares during the period. Sylebra Capital LLC boosted its holdings in SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock worth $192,218,000 after purchasing an additional 959,771 shares during the period. Eminence Capital LP boosted its holdings in SentinelOne by 6.4% in the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock worth $145,052,000 after purchasing an additional 392,986 shares during the period. Invesco Ltd. boosted its holdings in SentinelOne by 18.4% in the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after purchasing an additional 900,577 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock worth $96,898,000 after purchasing an additional 2,558,702 shares during the period. 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.