Westpark Capital Cuts SentinelOne (NYSE:S) Price Target to $31.00

by · The Cerbat Gem

SentinelOne (NYSE:S – Free Report) had its target price cut by Westpark Capital from $34.00 to $31.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also commented on S. Susquehanna upped their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Scotiabank upped their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Barclays lowered their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus price target of $26.59.

View Our Latest Analysis on SentinelOne

SentinelOne Stock Down 5.4 %

NYSE:S opened at $18.27 on Tuesday. The company has a fifty day moving average of $22.44 and a 200 day moving average of $24.06. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29. The firm has a market capitalization of $5.87 billion, a P/E ratio of -19.43 and a beta of 0.78.

Insider Buying and Selling

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at $4,509,891.75. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,818 shares of company stock worth $5,649,659. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its position in shares of SentinelOne by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after buying an additional 478 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its position in SentinelOne by 4.6% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock worth $365,000 after purchasing an additional 724 shares in the last quarter. Avior Wealth Management LLC boosted its position in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares in the last quarter. Finally, Bullseye Asset Management LLC boosted its position in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

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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.

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