Tomer Weingarten Sells 60,864 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tomer Weingarten also recently made the following trade(s):

• On Friday, December 13th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36.
• On Wednesday, December 11th, Tomer Weingarten sold 82,116 shares of SentinelOne stock. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76.
• On Monday, November 11th, Tomer Weingarten sold 70,655 shares of SentinelOne stock. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65.
• On Wednesday, November 6th, Tomer Weingarten sold 10,165 shares of SentinelOne stock. The stock was sold at an average price of $26.25, for a total value of $266,831.25.

SentinelOne Price Performance

Shares of S traded up $0.07 during mid-day trading on Wednesday, reaching $22.55. 3,781,914 shares of the company’s stock were exchanged, compared to its average volume of 3,964,865. The business’s fifty day simple moving average is $25.24 and its 200-day simple moving average is $23.83. The stock has a market capitalization of $7.25 billion, a PE ratio of -23.99 and a beta of 0.74. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the prior year, the firm posted ($0.21) earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Institutional Trading of SentinelOne

Hedge funds have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC purchased a new position in SentinelOne during the third quarter worth about $26,000. Allspring Global Investments Holdings LLC boosted its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Modus Advisors LLC acquired a new position in SentinelOne during the fourth quarter worth $48,000. Capital Performance Advisors LLP acquired a new stake in SentinelOne in the third quarter valued at $55,000. Finally, Blue Trust Inc. boosted its position in shares of SentinelOne by 105.9% during the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,223 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on S. Susquehanna lifted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research note on Thursday, December 5th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a research note on Friday, October 18th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their price target for the company from $25.00 to $32.00 in a report on Monday, October 14th. Finally, DA Davidson upped their target price on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $29.44.

SentinelOne Company Profile

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.