SentinelOne (NYSE:S) Now Covered by Stephens

Equities researchers at Stephens assumed coverage on shares of SentinelOne (NYSE:S) in a report released on Tuesday, Marketbeat reports. The brokerage set an “overweight” rating and a $25.00 price target on the stock. Stephens’ target price suggests a potential upside of 32.77% from the stock’s current price.

S has been the subject of a number of other reports. Sanford C. Bernstein decreased their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Piper Sandler lowered their target price on 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 lowered their price objective on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Needham & Company LLC decreased their price target on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Morgan Stanley assumed coverage on SentinelOne in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 target price for the company. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and an average target price of $26.21.

SentinelOne Stock Performance

Shares of S stock opened at $18.83 on Tuesday. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -20.03 and a beta of 0.78. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock’s 50-day simple moving average is $21.45 and its 200-day simple moving average is $23.65.

Insiders Place Their Bets

In related news, 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 value of $124,689.90. Following the completion of the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares of the company’s stock, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 455,855 shares of company stock worth $9,528,052. 5.60% of the stock is owned by insiders.

Institutional Trading of SentinelOne

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock valued at $663,366,000 after buying an additional 399,056 shares during the period. Sylebra Capital LLC lifted its position in SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after purchasing an additional 564,327 shares during the last quarter. Eminence Capital LP boosted its position in SentinelOne by 6.4% during the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock worth $145,052,000 after acquiring an additional 392,986 shares during the period. Invesco Ltd. raised its position in shares of SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after buying an additional 900,577 shares in the last quarter. Finally, State Street Corp raised its stake in shares of SentinelOne by 11.3% in the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.