Robert W. Baird Forecasts Strong Price Appreciation for SentinelOne (NYSE:S) Stock

SentinelOne (NYSE:S) had its price objective upped by equities research analysts at Robert W. Baird from $30.00 to $32.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 14.49% from the company’s previous close.

S has been the subject of a number of other research reports. Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Loop Capital lifted their price target on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday. Westpark Capital reiterated a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a report on Monday, August 26th. Finally, DA Davidson raised their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.04.

SentinelOne Trading Down 0.5 %

S stock opened at $27.95 on Monday. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The firm has a 50-day moving average of $26.03 and a two-hundred day moving average of $23.00. The firm has a market capitalization of $8.87 billion, a PE ratio of -30.05 and a beta of 0.65.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the transaction, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. This represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Waldron Private Wealth LLC bought a new position in SentinelOne during the third quarter worth about $26,000. Blue Trust Inc. acquired a new stake in SentinelOne in the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its position in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the period. 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 during the third quarter valued at $55,000. 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.