JPMorgan Chase & Co. Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target cut by research analysts at JPMorgan Chase & Co. from $33.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 46.55% from the company’s current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Morgan Stanley lowered their target price on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Cantor Fitzgerald started coverage on shares of SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target on the stock. Robert W. Baird increased their price target on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Finally, UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $29.26.

SentinelOne Stock Performance

Shares of SentinelOne stock traded down $1.42 during trading hours on Monday, hitting $18.42. The company’s stock had a trading volume of 2,396,730 shares, compared to its average volume of 4,032,998. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market cap of $5.92 billion, a PE ratio of -19.57 and a beta of 0.78. The business has a 50 day moving average price of $22.65 and a two-hundred day moving average price of $24.19.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,658,092.02. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 437,968 shares of company stock worth $10,020,586. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the period. Avion Wealth acquired a new position in shares of SentinelOne during the 4th quarter worth about $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC acquired a new stake in SentinelOne in the 4th quarter worth about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne during the 4th quarter worth approximately $38,000. 90.87% of the stock is owned by institutional investors and hedge funds.

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.