Traders Purchase Large Volume of Call Options on SentinelOne (NYSE:S)

SentinelOne, Inc. (NYSE:SGet Rating) saw some unusual options trading on Friday. Traders purchased 4,590 call options on the company. This represents an increase of 57% compared to the average volume of 2,931 call options.

Analysts Set New Price Targets

A number of research analysts recently issued reports on S shares. Cowen reaffirmed a “buy” rating and set a $45.00 target price on shares of SentinelOne in a report on Thursday, June 2nd. Citigroup lifted their price target on SentinelOne to $30.00 in a research note on Tuesday, September 6th. UBS Group dropped their price target on SentinelOne to $39.00 in a research note on Friday, June 3rd. Piper Sandler dropped their price target on SentinelOne from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, June 2nd. Finally, JMP Securities dropped their price target on SentinelOne from $65.00 to $42.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.65.

SentinelOne Trading Up 5.3 %

NYSE S opened at $28.05 on Friday. The stock has a 50-day simple moving average of $26.11 and a 200 day simple moving average of $29.26. The company has a market capitalization of $7.88 billion, a PE ratio of -23.18 and a beta of 1.39. SentinelOne has a 12 month low of $18.64 and a 12 month high of $78.53.

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

Insider Buying and Selling at SentinelOne

In other news, CTO Ric Smith sold 2,139 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer now directly owns 94,075 shares of the company’s stock, valued at $2,488,283.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tomer Weingarten sold 9,944 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $26.45, for a total transaction of $263,018.80. Following the transaction, the chief executive officer now directly owns 299,219 shares of the company’s stock, valued at $7,914,342.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Ric Smith sold 2,139 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $26.45, for a total value of $56,576.55. Following the transaction, the chief technology officer now directly owns 94,075 shares in the company, valued at $2,488,283.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,167,171 shares of company stock worth $46,755,193. 7.48% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently added to or reduced their stakes in S. Victory Capital Management Inc. lifted its holdings in SentinelOne by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 16,332 shares of the company’s stock worth $825,000 after buying an additional 409 shares during the period. Northern Trust Corp raised its position in shares of SentinelOne by 12.2% in the 4th quarter. Northern Trust Corp now owns 73,399 shares of the company’s stock worth $3,706,000 after acquiring an additional 7,991 shares in the last quarter. Raymond James & Associates raised its position in shares of SentinelOne by 76.6% in the 4th quarter. Raymond James & Associates now owns 51,545 shares of the company’s stock worth $2,603,000 after acquiring an additional 22,362 shares in the last quarter. Bank of America Corp DE raised its position in shares of SentinelOne by 89.7% in the 4th quarter. Bank of America Corp DE now owns 219,239 shares of the company’s stock worth $11,070,000 after acquiring an additional 103,638 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of SentinelOne by 52.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,907 shares of the company’s stock worth $753,000 after acquiring an additional 5,134 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

SentinelOne Company Profile

(Get Rating)

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.

Further Reading

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