SentinelOne (NYSE:S) Trading Up 3.5%

SentinelOne, Inc. (NYSE:S)’s stock price rose 3.5% during mid-day trading on Thursday . The stock traded as high as $19.84 and last traded at $19.84. Approximately 243,059 shares changed hands during trading, a decline of 95% from the average daily volume of 5,399,016 shares. The stock had previously closed at $19.17.

Analysts Set New Price Targets

S has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company cut their price target on shares of SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Guggenheim reaffirmed a “buy” rating and issued a $23.00 price target on shares of SentinelOne in a report on Tuesday. Needham & Company LLC dropped their price objective on SentinelOne from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Finally, Sanford C. Bernstein boosted their target price on SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $24.71.

SentinelOne Price Performance

The firm has a 50-day simple moving average of $20.08 and a 200 day simple moving average of $23.72. The firm has a market cap of $6.41 billion, a PE ratio of -19.85 and a beta of 0.59.

SentinelOne (NYSE:S) last released its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The business had revenue of $186.36 million for the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. SentinelOne’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.35) earnings per share. Sell-side analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the transaction, the chief financial officer now directly owns 517,298 shares of the company’s stock, valued at approximately $8,949,255.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SentinelOne news, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the transaction, the chief financial officer now owns 517,298 shares of the company’s stock, valued at approximately $8,949,255.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $23.10, for a total transaction of $197,874.60. Following the transaction, the insider now owns 5,025 shares in the company, valued at approximately $116,077.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 507,065 shares of company stock valued at $10,055,772. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently bought and sold shares of S. Vanguard Group Inc. lifted its position in SentinelOne by 2.0% during the third quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock valued at $387,480,000 after purchasing an additional 442,593 shares in the last quarter. Caprock Group LLC raised its stake in SentinelOne by 96.5% during the 4th quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock valued at $5,320,000 after purchasing an additional 95,206 shares during the period. Legato Capital Management LLC lifted its holdings in SentinelOne by 79.7% in the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock worth $768,000 after purchasing an additional 12,407 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SentinelOne by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock worth $78,931,000 after purchasing an additional 409,454 shares during the period. Finally, Stifel Financial Corp grew its holdings in SentinelOne by 29.1% during the 3rd quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock valued at $5,563,000 after buying an additional 74,378 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.