SentinelOne, Inc. (NYSE:S) Insider Sells $64,455.60 in Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $64,455.60. Following the sale, the insider now owns 636,699 shares in the company, valued at approximately $13,090,531.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ric Smith also recently made the following trade(s):

• On Thursday, July 25th, Ric Smith sold 14,583 shares of SentinelOne stock. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82.
• On Friday, July 5th, Ric Smith sold 99,502 shares of SentinelOne stock. The stock was sold at an average price of $20.10, for a total transaction of $1,999,990.20.
• On Thursday, June 6th, Ric Smith sold 24,467 shares of SentinelOne stock. The shares were sold at an average price of $17.30, for a total value of $423,279.10.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $21.79 on Friday. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of -21.36 and a beta of 0.66. The firm’s 50-day moving average is $20.15 and its two-hundred day moving average is $22.72. SentinelOne, Inc. has a 1 year low of $13.87 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). The business had revenue of $186.36 million for the quarter, compared to the consensus estimate 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 prior year, the business posted ($0.35) earnings per share. On average, equities analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

S has been the subject of a number of research reports. Morgan Stanley dropped their price target on SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and cut their target price for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. Citigroup reduced their price target on shares of SentinelOne from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. Wells Fargo & Company lowered their price objective on shares of SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Finally, Scotiabank reduced their target price on shares of SentinelOne from $25.00 to $18.00 and set a “sector perform” rating on the stock in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in SentinelOne during the fourth quarter valued at about $228,872,000. Trivest Advisors Ltd purchased a new stake in shares of SentinelOne during the fourth quarter valued at about $143,273,000. Eminence Capital LP boosted its holdings in shares of SentinelOne by 89.7% in the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after buying an additional 2,569,781 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of SentinelOne in the 2nd quarter valued at about $36,237,000. Finally, Vanguard Group Inc. grew its position in shares of SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after buying an additional 1,694,407 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.