Cantor Fitzgerald Lowers SentinelOne (NYSE:S) Price Target to $24.00

SentinelOne (NYSE:S) had its price objective decreased by stock analysts at Cantor Fitzgerald from $30.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 27.25% from the company’s previous close.

S has been the topic of several other reports. UBS Group cut their price objective on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday. Piper Sandler decreased their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Morgan Stanley decreased their price target on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.78.

SentinelOne Stock Performance

S stock traded down $0.44 on Thursday, reaching $18.86. The company’s stock had a trading volume of 13,458,149 shares, compared to its average volume of 4,800,242. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The firm has a market cap of $6.06 billion, a PE ratio of -20.07 and a beta of 0.78. The business has a fifty day simple moving average of $22.44 and a two-hundred day simple moving average of $24.06.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now owns 531,459 shares in the company, valued at $12,377,680.11. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the transaction, the chief executive officer now owns 959,682 shares in the company, valued at $22,782,850.68. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 314,682 shares of company stock valued at $7,094,571 over the last three months. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth bought a new position in SentinelOne in the fourth quarter worth about $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne during the fourth quarter worth $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne in the 4th quarter worth $38,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.