Guggenheim Reiterates Buy Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Guggenheim in a report released on Wednesday,Benzinga reports. They currently have a $28.00 price objective on the stock. Guggenheim's price target would indicate a potential upside of 39.65% from the stock's previous close.

A number of other equities analysts have also weighed in on S. JPMorgan Chase & Co. decreased their target price on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Susquehanna decreased their price objective on shares of SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. Robert W. Baird lowered their target price on shares of SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company dropped their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group decreased their price target on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.03.

SentinelOne Stock Up 0.3%

Shares of S opened at $20.05 on Wednesday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market cap of $6.61 billion, a PE ratio of -21.33 and a beta of 0.81. The business's 50-day moving average price is $18.54 and its 200-day moving average price is $21.97.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the completion of the sale, the insider now owns 529,118 shares of the company's stock, valued at $11,090,313.28. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the sale, the chief executive officer now owns 900,249 shares in the company, valued at approximately $17,599,867.95. This trade represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 432,498 shares of company stock worth $8,136,199 in the last three months. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock valued at $1,269,000 after purchasing an additional 24,453 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in SentinelOne by 130.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock worth $5,106,000 after purchasing an additional 130,000 shares in the last quarter. US Bancorp DE lifted its position in SentinelOne by 26.4% during the fourth quarter. US Bancorp DE now owns 49,873 shares of the company's stock valued at $1,107,000 after buying an additional 10,413 shares during the period. Barclays PLC boosted its holdings in shares of SentinelOne by 121.9% during the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after buying an additional 178,685 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of SentinelOne by 10.2% during the 4th quarter. Truist Financial Corp now owns 28,968 shares of the company's stock valued at $643,000 after buying an additional 2,690 shares in the last quarter. 90.87% of the stock is currently 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.

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