SentinelOne (NYSE:S) Given New $23.00 Price Target at Needham & Company LLC

SentinelOne (NYSE:S) had its target price lowered by Needham & Company LLC from $32.00 to $23.00 in a report issued on Thursday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Westpark Capital cut their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday. Oppenheimer initiated coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price for the company. Barclays decreased their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Sanford C. Bernstein dropped their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Morgan Stanley reduced their price objective on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.59.

SentinelOne Stock Performance

S opened at $18.27 on Thursday. The company has a market capitalization of $5.87 billion, a PE ratio of -19.43 and a beta of 0.78. The stock’s fifty day moving average is $22.44 and its 200-day moving average is $24.06. SentinelOne has a one year low of $14.33 and a one year high of $29.29.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following 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 trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the completion of the transaction, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 253,818 shares of company stock valued at $5,649,659 in the last three months. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in shares of SentinelOne by 14.3% in the third quarter. Amalgamated Bank now owns 14,886 shares of the company’s stock worth $356,000 after acquiring an additional 1,857 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock valued at $442,000 after purchasing an additional 1,111 shares during the period. Covestor Ltd grew its position in SentinelOne by 649.3% in the 3rd quarter. Covestor Ltd now owns 3,267 shares of the company’s stock worth $78,000 after purchasing an additional 2,831 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of SentinelOne during the 3rd quarter worth about $225,000. Finally, KBC Group NV raised its position in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after buying an additional 58,000 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

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.