Unpacking the Latest Options Trading Trends in SentinelOne
Portfolio Pulse from Benzinga Insights
Recent options trading activity for SentinelOne (NYSE:S) indicates a bearish stance by significant investors, with a split sentiment of 42% bullish and 57% bearish. The trading activity suggests a target price range of $27.5 to $40.0. SentinelOne, a cloud-based cybersecurity company, saw its stock price slightly up at $28.26. Analyst ratings from Citigroup and BTIG offer mixed views, with target prices of $25 and $30, respectively.
February 08, 2024 | 6:16 pm
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Significant bearish options trading activity observed in SentinelOne, with a price target range of $27.5 to $40.0. Mixed analyst ratings with a slight increase in stock price.
The bearish sentiment from significant investors, combined with the mixed analyst ratings and the current stock price movement, suggests a potential short-term downside. The specific mention of bearish options trades, alongside analyst ratings from Citigroup and BTIG, directly impacts investor sentiment and could influence the stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100