Westpark Capital Reiterates “Buy” Rating for SentinelOne (NYSE:S)

Westpark Capital reaffirmed their buy rating on shares of SentinelOne (NYSE:S) in a report released on Tuesday morning,Benzinga reports. They currently have a $34.00 target price on the stock.

A number of other equities research analysts have also recently commented on the company. Citigroup increased their price target on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a research note on Friday, September 13th. Robert W. Baird upped their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday. Susquehanna lifted their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. Finally, Wedbush raised shares of SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.04.

SentinelOne Stock Up 0.4 %

NYSE:S opened at $27.55 on Tuesday. The firm has a 50 day moving average of $26.10 and a 200 day moving average of $23.04. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of -29.62 and a beta of 0.67.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 38,607 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the sale, the chief executive officer now owns 1,060,749 shares in the company, valued at $24,185,077.20. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David J. Bernhardt sold 11,222 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the completion of the sale, the chief financial officer now directly owns 477,781 shares of the company’s stock, valued at $10,224,513.40. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,541 shares of company stock worth $10,032,448. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently made changes to their positions in the stock. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne in the 3rd quarter valued at about $26,000. Blue Trust Inc. acquired a new position in SentinelOne during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC increased its holdings in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in SentinelOne in the second quarter valued at about $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of SentinelOne during the 3rd quarter valued at approximately $55,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.