Barclays Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective reduced by equities research analysts at Barclays from $24.00 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 21.43% from the company’s current price.

S has been the topic of several other research reports. Scotiabank increased their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Morgan Stanley dropped their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein decreased their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $28.78.

SentinelOne Price Performance

Shares of S opened at $18.12 on Tuesday. The firm has a market cap of $5.82 billion, a P/E ratio of -19.27 and a beta of 0.78. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The stock has a 50 day simple moving average of $22.65 and a two-hundred day simple moving average of $24.19.

Insider Buying and Selling

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 transaction of $124,689.90. Following the completion of the transaction, the chief accounting officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the sale, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 396,798 shares of company stock valued at $9,033,329 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new position in SentinelOne in the 4th quarter valued at approximately $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne during the 4th quarter valued at $38,000. Institutional investors own 90.87% of the company’s stock.

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.