SentinelOne, Inc. (NYSE:S) CEO Sells $1,444,911.36 in Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 11th, Tomer Weingarten sold 82,116 shares of SentinelOne stock. The shares were 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 shares were sold at an average price of $27.63, for a total value 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.
• On Wednesday, October 9th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20.
• On Monday, October 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $23.42, for a total transaction of $1,425,434.88.

SentinelOne Stock Performance

S stock traded down $0.11 during trading on Friday, hitting $23.91. 4,698,088 shares of the company’s stock traded hands, compared to its average volume of 5,266,291. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The business has a fifty day simple moving average of $26.36 and a 200 day simple moving average of $23.22. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of -25.44 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Research analysts forecast that SentinelOne, Inc. will post -0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on S. Westpark Capital reiterated a “buy” rating and set a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. DA Davidson boosted their price target on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 price objective on shares of SentinelOne in a research report on Monday, December 2nd. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Finally, Barclays lowered their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently made changes to their positions in the company. CWM LLC increased its holdings in SentinelOne by 220.6% during the second quarter. CWM LLC now owns 5,720 shares of the company’s stock valued at $120,000 after buying an additional 3,936 shares during the period. Swedbank AB grew its holdings in SentinelOne by 11.1% during the second quarter. Swedbank AB now owns 2,000,000 shares of the company’s stock worth $42,100,000 after acquiring an additional 200,000 shares during the period. Blue Trust Inc. acquired a new position in SentinelOne in the second quarter valued at approximately $27,000. Raymond James & Associates grew its stake in shares of SentinelOne by 22.6% during the 2nd quarter. Raymond James & Associates now owns 308,226 shares of the company’s stock worth $6,488,000 after purchasing an additional 56,888 shares during the period. Finally, Liberty One Investment Management LLC increased its holdings in SentinelOne by 23.2% in the second quarter. Liberty One Investment Management LLC now owns 8,912 shares of the company’s stock valued at $188,000 after buying an additional 1,678 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.