SentinelOne (NYSE:S) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of SentinelOne (NYSE:S) in a report issued on Friday morning,Benzinga reports. The firm currently has a $24.00 target price on the stock.

A number of other analysts also recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. UBS Group set a $21.00 price objective on shares of SentinelOne and gave the stock a “neutral” rating in a report on Thursday. Stephens initiated coverage on shares of SentinelOne in a report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 price objective for the company. Roth Capital set a $26.00 target price on shares of SentinelOne and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley cut their target price on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $26.10.

SentinelOne Trading Down 0.2%

SentinelOne stock opened at $19.75 on Friday. SentinelOne has a 1-year low of $14.33 and a 1-year high of $29.29. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of -21.01 and a beta of 0.81. The firm’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $21.87.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the sale, the insider now directly owns 529,118 shares of the company’s stock, valued at approximately $11,090,313.28. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 81,619 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the sale, the chief executive officer now directly owns 879,494 shares of the company’s stock, valued at $17,229,287.46. This represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,498 shares of company stock valued at $8,136,199. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in SentinelOne in the first quarter valued at approximately $346,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in SentinelOne by 131.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock valued at $79,532,000 after buying an additional 2,483,136 shares during the last quarter. Woodline Partners LP purchased a new stake in SentinelOne in the first quarter valued at approximately $382,000. Clearline Capital LP purchased a new stake in SentinelOne in the 1st quarter worth approximately $1,449,000. Finally, Sylebra Capital LLC boosted its position in SentinelOne by 10.0% in the 1st quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock worth $192,218,000 after purchasing an additional 959,771 shares in the last quarter. 90.87% of the stock is currently owned by 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.