JPMorgan Chase & Co. Cuts SentinelOne (NYSE:S) Price Target to $27.00

SentinelOne (NYSE:S) had its target price reduced by JPMorgan Chase & Co. from $33.00 to $27.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein reduced their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Barclays lowered their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Robert W. Baird increased their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Finally, Morgan Stanley lowered their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.78.

SentinelOne Trading Up 3.1 %

S stock opened at $19.33 on Monday. SentinelOne has a one year low of $14.33 and a one year high of $29.29. The firm has a 50-day moving average of $22.50 and a two-hundred day moving average of $24.10. The firm has a market capitalization of $6.21 billion, a PE ratio of -20.56 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In related news, CAO Robin Tomasello sold 6,378 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the transaction, the chief accounting officer now owns 230,685 shares of the company’s stock, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,782,850.68. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 314,682 shares of company stock worth $7,094,571 over the last 90 days. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently modified their holdings of S. KBC Group NV raised its stake in SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of SentinelOne during the 3rd quarter worth about $4,816,000. Charles Schwab Investment Management Inc. raised its position in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after buying an additional 921,572 shares during the last quarter. Carnegie Investment Counsel bought a new stake in shares of SentinelOne in the fourth quarter valued at about $7,167,000. Finally, Banco Santander S.A. bought a new stake in shares of SentinelOne in the third quarter valued at about $5,002,000. 90.87% of the stock is 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.