SentinelOne’s (S) “Buy” Rating Reaffirmed at Guggenheim

SentinelOne (NYSE:S)‘s stock had its “buy” rating restated by Guggenheim in a research report issued on Wednesday,Benzinga reports. They currently have a $28.00 target price on the stock. Guggenheim’s target price points to a potential upside of 39.65% from the company’s previous close.

S has been the subject of several other research reports. Bank of America lowered their price target on SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Barclays decreased their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Westpark Capital cut their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Stephens initiated coverage on shares of SentinelOne in a research report on Tuesday, April 1st. They set an “overweight” rating and a $25.00 price target for the company. Finally, Canaccord Genuity Group lowered their price objective on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.03.

SentinelOne Trading Up 0.3%

Shares of NYSE:S opened at $20.05 on Wednesday. The stock has a fifty day simple moving average of $18.54 and a two-hundred day simple moving average of $21.97. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of -21.33 and a beta of 0.81.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. This represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the sale, the insider now owns 529,118 shares in the company, valued at approximately $11,090,313.28. The trade was a 2.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,498 shares of company stock worth $8,136,199. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the company. Marshall Wace LLP raised its stake in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the period. Norges Bank bought a new position in SentinelOne in the 4th quarter worth approximately $73,528,000. Point72 Asset Management L.P. purchased a new stake in SentinelOne during the 4th quarter valued at approximately $63,120,000. Massachusetts Financial Services Co. MA raised its position in shares of SentinelOne by 92.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock valued at $96,898,000 after buying an additional 2,558,702 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of SentinelOne by 131.3% during 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. 90.87% of the stock is currently owned by 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.