SentinelOne (NYSE:S) Coverage Initiated at Roth Mkm

Research analysts at Roth Mkm began coverage on shares of SentinelOne (NYSE:S) in a research report issued on Wednesday,Benzinga reports. The firm set a “buy” rating and a $26.00 price target on the stock. Roth Mkm’s price objective suggests a potential upside of 44.69% from the stock’s previous close.

S has been the topic of a number of other reports. Cantor Fitzgerald reduced their price objective on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley lowered their price objective on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Citigroup decreased their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Stephens started coverage on SentinelOne in a report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 price target for the company. Finally, UBS Group reduced their price objective on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.13.

SentinelOne Stock Performance

NYSE:S opened at $17.97 on Wednesday. The company has a market cap of $5.92 billion, a price-to-earnings ratio of -19.12 and a beta of 0.82. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock has a fifty day moving average price of $19.01 and a 200-day moving average price of $22.82.

Insiders Place Their Bets

In other news, CFO Barbara A. Larson sold 10,172 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $201,100.44. Following the completion of the sale, the chief financial officer now owns 473,223 shares in the company, valued at $9,355,618.71. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now owns 531,459 shares in the company, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 455,855 shares of company stock worth $9,151,304. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Marshall Wace LLP grew its holdings in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after buying an additional 4,206,900 shares in the last quarter. Norges Bank bought a new stake in shares of SentinelOne in the 4th quarter worth $73,528,000. Point72 Asset Management L.P. purchased a new stake in shares of SentinelOne in the fourth quarter valued at about $63,120,000. Federated Hermes Inc. lifted its position in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company’s stock valued at $57,787,000 after purchasing an additional 2,047,430 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in SentinelOne during the fourth quarter worth about $26,082,000. 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.