SentinelOne's (S) "Overweight" Rating Reaffirmed at Cantor Fitzgerald

SentinelOne (NYSE:S - Get Free Report)'s stock had its "overweight" rating restated by equities researchers at Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They currently have a $24.00 price objective on the stock. Cantor Fitzgerald's target price indicates a potential upside of 20.80% from the stock's previous close.

S has been the subject of a number of other research reports. Roth Mkm began coverage on shares of SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price target for the company. Piper Sandler cut their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Barclays reduced their target price on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Susquehanna decreased their price target on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research note on Thursday, March 13th. Finally, Roth Capital set a $26.00 price target on SentinelOne and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.10.

SentinelOne Trading Up 0.4%

SentinelOne stock traded up $0.08 during midday trading on Friday, hitting $19.87. 343,876 shares of the stock were exchanged, compared to its average volume of 5,011,769. The stock's 50-day simple moving average is $18.57 and its 200 day simple moving average is $21.91. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of -21.13 and a beta of 0.81.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $16.33, for a total transaction of $993,909.12. Following the completion of the sale, the chief executive officer now owns 1,581,396 shares in the company, valued at approximately $25,824,196.68. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 3,187 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total transaction of $59,086.98. Following the completion of the transaction, the insider now directly owns 1,058,025 shares in the company, valued at $19,615,783.50. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 432,498 shares of company stock worth $8,136,199. Corporate insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently made changes to their positions in S. Focus Partners Wealth purchased a new stake in shares of SentinelOne in the 1st quarter valued at about $346,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in SentinelOne by 131.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company's stock worth $79,532,000 after buying an additional 2,483,136 shares during the period. Woodline Partners LP purchased a new stake in SentinelOne in the first quarter valued at approximately $382,000. Clearline Capital LP purchased a new stake in SentinelOne in the first quarter valued at approximately $1,449,000. Finally, Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company's stock valued at $192,218,000 after acquiring an additional 959,771 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

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.

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