SentinelOne Target of Unusually Large Options Trading (NYSE:S)

SentinelOne, Inc. (NYSE:S) saw unusually large options trading activity on Wednesday. Stock investors purchased 14,308 call options on the stock. This represents an increase of 33% compared to the average volume of 10,744 call options.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Oppenheimer began coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Finally, UBS Group cut SentinelOne from a “buy” rating to a “neutral” rating and cut their price objective for the company from $30.00 to $25.00 in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $28.78.

SentinelOne Stock Up 3.1 %

S stock traded up $0.59 during mid-day trading on Wednesday, hitting $19.34. 8,142,293 shares of the company were exchanged, compared to its average volume of 4,432,826. The business has a fifty day simple moving average of $22.50 and a 200-day simple moving average of $24.10. The firm has a market capitalization of $6.21 billion, a P/E ratio of -20.69 and a beta of 0.78. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 39,477 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $771,775.35. Following the transaction, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. This represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,090,692.25. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 314,682 shares of company stock worth $7,094,571 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

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