SentinelOne (NYSE:S) Rating Increased to Strong-Buy at Stephens

Stephens upgraded shares of SentinelOne (NYSE:S) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. Bank of America reduced their price target on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Oppenheimer started coverage on shares of SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price on the stock. Scotiabank lowered their price target on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Canaccord Genuity Group cut their price target on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Westpark Capital decreased 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. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

SentinelOne Trading Up 2.3 %

Shares of SentinelOne stock opened at $18.60 on Monday. The firm has a market capitalization of $5.98 billion, a PE ratio of -19.78 and a beta of 0.78. SentinelOne has a 12 month low of $14.33 and a 12 month high of $29.29. The business’s 50-day moving average price is $21.54 and its 200-day moving average price is $23.68.

Insiders Place Their Bets

In other news, insider Ric Smith sold 31,659 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the sale, the insider now directly owns 477,271 shares of the company’s stock, valued at $9,115,876.10. This represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the transaction, the chief accounting officer now owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 455,855 shares of company stock worth $9,528,052 over the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently bought and sold shares of the business. Marshall Wace LLP boosted its holdings in SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after acquiring an additional 4,206,900 shares in the last quarter. Norges Bank bought a new position in SentinelOne in the 4th quarter worth about $73,528,000. Point72 Asset Management L.P. purchased a new stake in SentinelOne during the 4th quarter valued at about $63,120,000. Sylebra Capital LLC increased its stake in SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in SentinelOne by 368.5% in the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company’s stock worth $57,787,000 after buying an additional 2,047,430 shares during the last quarter. Institutional investors 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.