SentinelOne (NYSE:S) Price Target Raised to $32.00 at Robert W. Baird

SentinelOne (NYSE:S) had its price objective boosted by Robert W. Baird from $30.00 to $32.00 in a report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Loop Capital raised their price objective on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Citigroup boosted their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, Scotiabank increased their target price on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Stock Down 1.9 %

S stock opened at $27.42 on Monday. The company’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $23.00. The firm has a market cap of $8.70 billion, a P/E ratio of -29.35 and a beta of 0.65. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $253,011.60. Following the transaction, the insider now owns 438,363 shares of the company’s stock, valued at $9,994,676.40. This represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,541 shares of company stock valued at $10,032,448. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Waldron Private Wealth LLC bought a new stake in shares of SentinelOne during the third quarter valued at approximately $26,000. Blue Trust Inc. acquired a new stake in SentinelOne in the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in SentinelOne during the second quarter worth $49,000. Finally, Capital Performance Advisors LLP bought a new position in shares of SentinelOne in the third quarter valued at $55,000. Institutional investors own 90.87% of the company’s stock.

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.