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SentinelOne Inc (S) gets rating Upgrade from Canaccord Genuity

SentinelOne Inc’s recently made public that its President, CEO Weingarten Tomer unloaded Company’s shares for reported $0.67 million on Jun 06 ’24. In the deal valued at $17.30 per share,38,607 shares were sold. As a result of this transaction, Weingarten Tomer now holds 1,140,564 shares worth roughly $19.59 million.

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Then, Smith Ric sold 24,467 shares, generating $423,279 in total proceeds. Upon selling the shares at $17.30, the CPO & CTO now owns 666,419 shares.

Before that, Bernhardt David J. sold 11,061 shares. SentinelOne Inc shares valued at $191,355 were divested by the Chief Financial Officer at a price of $17.30 per share. As a result of the transaction, Bernhardt David J. now holds 517,298 shares, worth roughly $8.89 million.

Canaccord Genuity upgraded its SentinelOne Inc [S] rating to a Buy from a a Hold in a research note published on June 04, 2024; the price target was decreased to $23 from $28. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering S and has increased its forecast on February 14, 2024 with a “Buy” recommendation from previously “Neutral” rating. BTIG Research revised its rating on January 22, 2024. It rated S as “a Buy” which previously was an “a Neutral”.

Price Performance Review of S

On Friday, SentinelOne Inc [NYSE:S] saw its stock fall -0.35% to $17.18. Over the last five days, the stock has gained 2.08%. SentinelOne Inc shares have fallen nearly -37.39% since the year began. Nevertheless, the stocks have risen 25.58% over the past one year. While a 52-week high of $30.76 was reached on 02/14/24, a 52-week low of $13.62 was recorded on 05/31/24. SMA at 50 days reached $21.08, while 200 days put it at $21.47. A total of 3.31 million shares were traded, compared to the trading of 6.22 million shares in the previous session.

Levels Of Support And Resistance For S Stock

The 24-hour chart illustrates a support level at 17.04, which if violated will result in even more drops to 16.89. On the upside, there is a resistance level at 17.35. A further resistance level may holdings at 17.52. The Relative Strength Index (RSI) on the 14-day chart is 25.81, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.49%. Stochastics %K at 34.37% indicates the stock is a holding.

The most recent change occurred on January 18, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $34 price target.

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