SentinelOne, Inc. (NYSE:S) Given Consensus Rating of “Moderate Buy” by Brokerages

SentinelOne, Inc. (NYSE:S) has been given a consensus rating of “Moderate Buy” by the twenty-eight analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.8148.

A number of brokerages have commented on S. JMP Securities reiterated a “market outperform” rating and set a $29.00 target price on shares of SentinelOne in a report on Tuesday, September 9th. UBS Group increased their price objective on SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley reissued a “positive” rating on shares of SentinelOne in a research note on Tuesday, September 2nd. Westpark Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of SentinelOne in a research note on Friday, August 29th. Finally, Berenberg Bank initiated coverage on shares of SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company.

SentinelOne Price Performance

S stock opened at $16.95 on Thursday. The company’s 50 day simple moving average is $17.03 and its 200-day simple moving average is $17.71. SentinelOne has a 12 month low of $15.17 and a 12 month high of $29.06. The firm has a market capitalization of $5.65 billion, a PE ratio of -12.84 and a beta of 0.76.

Insider Buying and Selling at SentinelOne

In related news, insider Keenan Michael Conder sold 5,871 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $16.56, for a total value of $97,223.76. Following the completion of the transaction, the insider directly owned 573,536 shares in the company, valued at approximately $9,497,756.16. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Barbara A. Larson sold 54,583 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $18.13, for a total value of $989,589.79. Following the transaction, the chief financial officer owned 549,498 shares in the company, valued at $9,962,398.74. This trade represents a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 726 shares during the period. Strategic Advocates LLC acquired a new position in shares of SentinelOne in the 3rd quarter valued at $26,000. Danske Bank A S acquired a new position in shares of SentinelOne in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne during the 2nd quarter valued at $29,000. Finally, MAI Capital Management increased its holdings in shares of SentinelOne by 121.2% during the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.