SentinelOne (NYSE:S) Coverage Initiated by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley began coverage on shares of SentinelOne (NYSE:S) in a research report issued on Tuesday. The firm set an “equal weight” rating on the stock.

Other analysts also recently issued research reports about the stock. Barclays decreased their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Bank of America lowered their price target on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Oppenheimer initiated coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price for the company. Citigroup lowered their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, UBS Group reduced their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Trading Down 0.1 %

Shares of SentinelOne stock traded down $0.03 during trading hours on Tuesday, reaching $18.88. The stock had a trading volume of 375,224 shares, compared to its average volume of 4,842,919. The firm has a 50 day simple moving average of $22.19 and a two-hundred day simple moving average of $23.93. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of -19.95 and a beta of 0.78. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 39,477 shares of the business’s stock in a transaction 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 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. Over the last quarter, insiders have sold 253,818 shares of company stock worth $5,649,659. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of SentinelOne by 86.6% during 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 period. Avion Wealth purchased a new stake in SentinelOne during the 4th quarter valued at $28,000. Crewe Advisors LLC bought a new stake in SentinelOne in the 4th quarter worth $33,000. Arlington Trust Co LLC purchased a new position in shares of SentinelOne in the fourth quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.