Ric Smith Sells 14,583 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the sale, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ric Smith also recently made the following trade(s):

• On Monday, September 9th, Ric Smith sold 23,567 shares of SentinelOne stock. The stock was sold at an average price of $21.89, for a total value of $515,881.63.
• On Tuesday, September 3rd, Ric Smith sold 14,584 shares of SentinelOne stock. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16.
• On Tuesday, August 6th, Ric Smith sold 3,135 shares of SentinelOne stock. The stock was sold at an average price of $20.56, for a total transaction of $64,455.60.
• On Thursday, July 25th, Ric Smith sold 14,583 shares of SentinelOne stock. The shares were sold at an average price of $23.54, for a total value of $343,283.82.
• On Friday, July 5th, Ric Smith sold 99,502 shares of SentinelOne stock. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20.

SentinelOne Stock Up 0.5 %

Shares of NYSE:S opened at $24.08 on Friday. The stock has a market cap of $7.64 billion, a PE ratio of -23.61 and a beta of 0.67. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The business has a 50 day moving average of $23.13 and a 200-day moving average of $21.68.

SentinelOne (NYSE:S) last posted its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter last year, the firm earned ($0.26) earnings per share. The company’s revenue was up 33.1% on a year-over-year basis. Equities research analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Scotiabank boosted their target price on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. Canaccord Genuity Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and cut their target price for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. DA Davidson boosted their price target on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Finally, Canaccord Genuity Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.83.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Heritage Wealth Management Inc. acquired a new stake in shares of SentinelOne during the 2nd quarter worth approximately $414,000. Sanctuary Advisors LLC bought a new stake in shares of SentinelOne during the 2nd quarter worth $259,000. Sycomore Asset Management boosted its stake in SentinelOne by 40.4% in the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after buying an additional 83,060 shares in the last quarter. Clearbridge Investments LLC grew its position in SentinelOne by 0.8% in the second quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after acquiring an additional 20,600 shares during the last quarter. Finally, Truist Financial Corp raised its stake in SentinelOne by 17.4% during the second quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock worth $584,000 after acquiring an additional 4,110 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

About SentinelOne

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.