SentinelOne (NYSE:S) Shares Up 7%

SentinelOne, Inc. (NYSE:SGet Rating) shares shot up 7% on Friday . The stock traded as high as $28.61 and last traded at $28.50. 26,233 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 2,655,306 shares. The stock had previously closed at $26.63.

Analyst Upgrades and Downgrades

Several research firms have weighed in on S. Barclays lifted their price target on shares of SentinelOne from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 1st. StockNews.com raised shares of SentinelOne to a “sell” rating in a research note on Friday, September 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. JMP Securities reduced their price objective on shares of SentinelOne from $65.00 to $42.00 and set a “market outperform” rating for the company in a report on Thursday, June 2nd. Finally, Citigroup lifted their price objective on shares of SentinelOne to $30.00 in a report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $39.65.

SentinelOne Price Performance

The stock has a market capitalization of $7.88 billion, a PE ratio of -23.18 and a beta of 1.39. The stock’s 50 day simple moving average is $26.11 and its two-hundred day simple moving average is $29.26.

SentinelOne (NYSE:SGet Rating) last posted its quarterly earnings results on Wednesday, August 31st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.05. SentinelOne had a negative net margin of 107.95% and a negative return on equity of 18.98%. The company had revenue of $102.51 million for the quarter, compared to analyst estimates of $95.66 million. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. The company’s quarterly revenue was up 124.1% compared to the same quarter last year. As a group, equities research analysts predict that SentinelOne, Inc. will post -1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Ric Smith sold 2,139 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $26.45, for a total transaction of $56,576.55. Following the sale, the chief technology officer now owns 94,075 shares of the company’s stock, valued at approximately $2,488,283.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Daniel S. Loeb sold 1,150,959 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $22.30, for a total transaction of $25,666,385.70. Following the sale, the insider now owns 1,309,939 shares of the company’s stock, valued at approximately $29,211,639.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Ric Smith sold 2,139 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $26.45, for a total transaction of $56,576.55. Following the completion of the transaction, the chief technology officer now directly owns 94,075 shares of the company’s stock, valued at approximately $2,488,283.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,167,171 shares of company stock valued at $46,755,193. Company insiders own 7.48% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC purchased a new stake in shares of SentinelOne in the 2nd quarter valued at $26,000. KRS Capital Management LLC purchased a new stake in shares of SentinelOne in the 4th quarter valued at $35,000. Islay Capital Management LLC boosted its stake in shares of SentinelOne by 50.0% in the 2nd quarter. Islay Capital Management LLC now owns 1,500 shares of the company’s stock valued at $35,000 after purchasing an additional 500 shares in the last quarter. Winch Advisory Services LLC boosted its stake in shares of SentinelOne by 383.0% in the 1st quarter. Winch Advisory Services LLC now owns 937 shares of the company’s stock valued at $36,000 after purchasing an additional 743 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of SentinelOne in the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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