JPMorgan Chase & Co. Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price decreased by JPMorgan Chase & Co. from $33.00 to $27.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also issued reports on S. Cantor Fitzgerald began coverage on shares of SentinelOne in a research report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price target for the company. Scotiabank increased their target price on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Robert W. Baird upped their price target on SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Susquehanna lifted their price objective on SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Seven 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.78.

SentinelOne Stock Performance

Shares of S stock opened at $19.33 on Monday. The firm has a fifty day moving average of $22.50 and a 200-day moving average of $24.10. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of -20.56 and a beta of 0.78. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.29.

Insider Buying and Selling at SentinelOne

In related news, CAO Robin Tomasello sold 6,378 shares of the company’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 completion of the sale, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,642 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares in the company, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 314,682 shares of company stock worth $7,094,571. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV lifted its holdings in shares of SentinelOne by 778.0% in the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of SentinelOne in the third quarter valued at $4,816,000. Charles Schwab Investment Management Inc. grew its position in shares of SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after acquiring an additional 921,572 shares during the period. Carnegie Investment Counsel acquired a new position in SentinelOne during the fourth quarter worth approximately $7,167,000. Finally, Banco Santander S.A. acquired a new position in shares of SentinelOne during the 3rd quarter worth approximately $5,002,000. 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.