SentinelOne (NYSE:S) Sets New 1-Year Low Following Insider Selling

SentinelOne, Inc. (NYSE:S) reached a new 52-week low during trading on Monday after an insider sold shares in the company. The company traded as low as $12.54 and last traded at $12.4950, with a volume of 5652276 shares traded. The stock had previously closed at $13.22.

Specifically, CAO Robin Tomasello sold 2,975 shares of SentinelOne stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $13.15, for a total value of $39,121.25. Following the completion of the transaction, the chief accounting officer directly owned 411,034 shares in the company, valued at approximately $5,405,097.10. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keenan Michael Conder sold 4,237 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the sale, the insider directly owned 562,362 shares in the company, valued at approximately $7,395,060.30. This represents a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In related news, CEO Tomer Weingarten sold 23,063 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $13.15, for a total transaction of $303,278.45. Following the completion of the sale, the chief executive officer owned 1,122,545 shares of the company’s stock, valued at $14,761,466.75. This represents a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Berenberg Bank assumed coverage on shares of SentinelOne in a research note on Tuesday, November 18th. They set a “buy” rating and a $25.00 target price for the company. TD Cowen reissued a “buy” rating on shares of SentinelOne in a research report on Friday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 target price on shares of SentinelOne in a research report on Friday, December 12th. Finally, Cantor Fitzgerald cut their price target on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average price target of $21.72.

SentinelOne Price Performance

The stock has a market cap of $4.31 billion, a P/E ratio of -10.01 and a beta of 0.77. The company has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $16.48.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.25) earnings per share. As a group, research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 726 shares during the period. Strategic Advocates LLC purchased a new position in shares of SentinelOne during the 3rd quarter valued at $26,000. Danske Bank A S bought a new position in SentinelOne in the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp bought a new position in shares of SentinelOne in the second quarter worth about $29,000. Finally, MAI Capital Management raised its stake in SentinelOne by 121.2% during the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.