Brokerages Set SentinelOne, Inc. (NYSE:S) Price Target at $24.26

Key Points

• SentinelOne, Inc. has received an average recommendation of "Moderate Buy" from 28 analysts, with 9 holding, 16 buying, and 3 giving a strong buy rating.
• Recent price targets set by various analysts range from $19.00 to $28.00, with an average 1-year price target of approximately $24.26.
• Insider selling activity includes CEO Tomer Weingarten selling 162,794 shares valued at nearly $2.99 million, indicating a reduction in ownership by 11.14%.

Shares of SentinelOne, Inc. (NYSE:S - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-eight ratings firms that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.2593.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on SentinelOne from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. UBS Group boosted their price objective on SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. New Street Research set a $23.00 price target on SentinelOne in a research note on Friday, August 29th. Sanford C. Bernstein increased their price objective on SentinelOne from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, BTIG Research reissued a "neutral" rating on shares of SentinelOne in a research note on Monday, August 25th.

SentinelOne Trading Up 0.8%

NYSE S traded up $0.16 during midday trading on Friday, hitting $19.26. The company had a trading volume of 3,399,722 shares, compared to its average volume of 5,941,417. The company has a market capitalization of $6.42 billion, a PE ratio of -14.61 and a beta of 0.78. The firm has a 50-day moving average price of $17.88 and a 200-day moving average price of $18.23. SentinelOne has a twelve month low of $15.36 and a twelve month high of $29.29.

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,508 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $159,014.52. Following the sale, the chief accounting officer owned 297,536 shares in the company, valued at $5,560,947.84. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keenan Michael Conder sold 11,098 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $207,421.62. Following the transaction, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,753 shares of company stock valued at $6,195,217 in the last three months. 4.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds have recently added to or reduced their stakes in the company. Daventry Group LP raised its stake in SentinelOne by 10.8% during the 2nd quarter. Daventry Group LP now owns 1,883,760 shares of the company's stock valued at $34,435,000 after purchasing an additional 183,251 shares during the period. Marex Group plc purchased a new position in shares of SentinelOne in the 2nd quarter worth approximately $297,000. Caxton Associates LLP purchased a new position in SentinelOne during the 2nd quarter valued at $282,000. Corient Private Wealth LLC boosted its holdings in SentinelOne by 128.5% during the 2nd quarter. Corient Private Wealth LLC now owns 680,706 shares of the company's stock valued at $12,443,000 after acquiring an additional 382,778 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in SentinelOne during the 2nd quarter valued at $956,000. 90.87% of the stock is currently owned by hedge funds and other 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.