By otakuyassine3@gmail.com 
SentinelOne (NYSE:S – Free Report) had its price target decreased by Bank of America from $29.00 to $24.00 in a research note issued to investors on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.
A number of other analysts also recently issued reports on the company. Cantor Fitzgerald decreased their target price on SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer assumed coverage on SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. Westpark Capital dropped their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Citigroup dropped their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. 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 company’s stock. According to data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and a consensus price target of $26.59.
Read Our Latest Research Report on S
SentinelOne Price Performance
NYSE:S opened at $18.56 on Thursday. The business has a fifty day simple moving average of $22.27 and a two-hundred day simple moving average of $23.97. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The company has a market capitalization of $5.96 billion, a P/E ratio of -19.74 and a beta of 0.78.
Insider Buying and Selling
In other news, insider Ric Smith sold 2,341 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the transaction, the insider now directly owns 529,118 shares of the company’s stock, valued at $12,672,376.10. This represents a 0.44 % 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 60,864 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,818 shares of company stock worth $5,649,659 in the last 90 days. Insiders own 5.60% of the company’s stock.
Hedge Funds Weigh In On SentinelOne
Several hedge funds and other institutional investors have recently modified their holdings of S. KBC Group NV raised its holdings in SentinelOne by 778.0% in the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 shares during the period. Erste Asset Management GmbH purchased a new stake in SentinelOne in the 3rd quarter worth $4,816,000. Charles Schwab Investment Management Inc. increased its stake in SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after buying an additional 921,572 shares in the last quarter. Carnegie Investment Counsel purchased a new stake in SentinelOne in the 4th quarter worth $7,167,000. Finally, Banco Santander S.A. purchased a new stake in SentinelOne in the 3rd quarter worth $5,002,000. 90.87% of the stock is 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.
Further Reading
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