SentinelOne (NYSE:S) Coverage Initiated at Morgan Stanley

Morgan Stanley began coverage on shares of SentinelOne (NYSE:S) in a research report released on Tuesday, MarketBeat reports. The brokerage issued an equal weight rating and a $20.00 target price on the stock.

A number of other brokerages have also weighed in on S. Guggenheim reaffirmed a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Westpark Capital dropped their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. UBS Group decreased their target price on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Bank of America decreased their target price on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company decreased their target price on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

SentinelOne Price Performance

Shares of S stock opened at $19.37 on Tuesday. The business’s fifty day moving average price is $22.00 and its 200 day moving average price is $23.84. SentinelOne has a 1-year low of $14.33 and a 1-year high of $29.29. The firm has a market capitalization of $6.22 billion, a PE ratio of -20.60 and a beta of 0.78.

Insiders Place Their Bets

In other news, insider Ric Smith sold 14,583 shares of the stock in a transaction dated 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 owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $771,775.35. Following the completion of the sale, the chief executive officer now owns 900,249 shares of the company’s stock, valued at approximately $17,599,867.95. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 285,477 shares of company stock worth $6,254,346 over the last three months. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its holdings in SentinelOne by 86.6% in the fourth 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 during the last quarter. Avion Wealth purchased a new position in SentinelOne in the fourth quarter valued at about $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the fourth quarter valued at about $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne in the fourth quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the fourth quarter valued at about $38,000. Institutional investors and hedge funds 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.