Susquehanna Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective reduced by investment analysts at Susquehanna from $30.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 29.37% from the stock’s previous close.

Several other research firms also recently issued reports on S. Needham & Company LLC decreased their price objective on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Barclays dropped their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday. Westpark Capital decreased their target price on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein cut their price objective 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. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.11.

SentinelOne Trading Up 3.1 %

NYSE S opened at $19.33 on Thursday. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The stock has a market cap of $6.21 billion, a P/E ratio of -20.56 and a beta of 0.78. The company has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $24.10.

Insider Activity

In related 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 $4,509,891.75. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the transaction, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. This trade represents a 2.67 % 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 three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Large investors have recently made changes to their positions in the company. Sylebra Capital LLC increased its stake in SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after buying an additional 564,327 shares during the last quarter. Brooklyn FI LLC lifted its holdings in SentinelOne by 1,688.9% during the fourth quarter. Brooklyn FI LLC now owns 161,000 shares of the company’s stock valued at $3,574,000 after purchasing an additional 152,000 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of SentinelOne in the fourth quarter valued at $97,000. Castleark Management LLC purchased a new stake in SentinelOne in the 4th quarter worth approximately $6,591,000. Finally, Ashford Capital Management Inc. boosted its position in shares of SentinelOne by 16.4% during the 4th quarter. Ashford Capital Management Inc. now owns 766,355 shares of the company’s stock valued at $17,013,000 after acquiring an additional 107,920 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.