SentinelOne (NYSE:S) Price Target Cut to $22.00 by Analysts at Wells Fargo & Company

SentinelOne (NYSE:S) had its target price reduced by equities researchers at Wells Fargo & Company from $30.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.39% from the company’s previous close.

Several other brokerages also recently commented on S. UBS Group downgraded SentinelOne from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Piper Sandler lowered their price target on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays cut their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Finally, Robert W. Baird dropped their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $27.81.

SentinelOne Trading Down 0.3 %

Shares of S traded down $0.07 on Thursday, reaching $19.23. The company’s stock had a trading volume of 9,189,316 shares, compared to its average volume of 4,719,247. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market capitalization of $6.18 billion, a PE ratio of -20.51 and a beta of 0.78. The firm has a fifty day moving average of $22.44 and a 200-day moving average of $24.06.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 39,477 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the transaction, the chief executive officer now owns 900,249 shares of the company’s stock, valued at $17,599,867.95. This trade represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 314,682 shares of company stock valued at $7,094,571. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after acquiring an additional 478 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of 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 increased its position in shares of SentinelOne by 4.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after purchasing an additional 898 shares during the last quarter. Finally, Bullseye Asset Management LLC raised its holdings in shares of SentinelOne by 1.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after buying an additional 1,000 shares in the last quarter. 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.