Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells 60,864 Shares of Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 13th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were 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 stock was sold at an average price of $27.63, for a total transaction 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 Stock Up 0.3 %

Shares of S opened at $22.55 on Thursday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The company has a market cap of $7.25 billion, a P/E ratio of -23.99 and a beta of 0.74. The firm’s 50 day moving average price is $25.24 and its 200 day moving average price is $23.83.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The firm’s revenue was up 28.3% on a year-over-year basis. Research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in 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. Commonwealth Equity Services LLC raised its position in shares of SentinelOne by 43.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock worth $821,000 after acquiring an additional 11,800 shares in the last quarter. National Bank of Canada FI lifted its stake in SentinelOne by 92.7% during the second quarter. National Bank of Canada FI now owns 4,158 shares of the company’s stock worth $85,000 after purchasing an additional 2,000 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in SentinelOne by 12.7% in the second quarter. Victory Capital Management Inc. now owns 33,944 shares of the company’s stock valued at $715,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in SentinelOne by 16.2% in the second quarter. Arizona State Retirement System now owns 75,491 shares of the company’s stock valued at $1,589,000 after purchasing an additional 10,547 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on S. Susquehanna upped their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, December 5th. Robert W. Baird raised their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $29.00 price target on shares of SentinelOne in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and a consensus target price 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.