Needham & Company LLC Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price decreased by stock analysts at Needham & Company LLC from $32.00 to $23.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 19.02% from the company’s previous close.

S has been the subject of several other research reports. Barclays decreased their target price on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday. Robert W. Baird dropped their target price on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday. Susquehanna raised their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Guggenheim reaffirmed a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Finally, Piper Sandler reduced their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.30.

SentinelOne Price Performance

S opened at $19.33 on Thursday. The business has a 50 day moving average price of $22.50 and a two-hundred day moving average price of $24.10. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of -20.56 and a beta of 0.78. SentinelOne has a 1-year low of $14.33 and a 1-year high of $29.29.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,782,850.68. This represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred 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 directly 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. In the last quarter, insiders sold 314,682 shares of company stock worth $7,094,571. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

Hedge funds have recently bought and sold shares of the stock. Sylebra Capital LLC raised its position in shares of SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after buying an additional 564,327 shares during the last quarter. Brooklyn FI LLC raised its holdings in SentinelOne by 1,688.9% in the 4th quarter. Brooklyn FI LLC now owns 161,000 shares of the company’s stock valued at $3,574,000 after acquiring an additional 152,000 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of SentinelOne in the 4th quarter worth approximately $97,000. Castleark Management LLC acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $6,591,000. Finally, Ashford Capital Management Inc. increased its position in shares of SentinelOne by 16.4% during the fourth quarter. Ashford Capital Management Inc. now owns 766,355 shares of the company’s stock valued at $17,013,000 after purchasing an additional 107,920 shares during the period. 90.87% of the stock is owned by institutional investors.

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.