Insider Selling: SentinelOne, Inc. (NYSE:S) CAO Sells 1,496 Shares of Stock

SentinelOne, Inc. (NYSE:S) CAO Robin Tomasello sold 1,496 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the sale, the chief accounting officer now owns 233,484 shares in the company, valued at approximately $4,615,978.68. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Robin Tomasello also recently made the following trade(s):

• On Thursday, March 6th, Robin Tomasello sold 6,378 shares of SentinelOne stock. The stock was sold at an average price of $19.55, for a total value of $124,689.90.

SentinelOne Stock Performance

Shares of SentinelOne stock traded down $0.51 during trading hours on Friday, hitting $18.84. The company’s stock had a trading volume of 2,779,489 shares, compared to its average volume of 4,897,486. The company has a market cap of $6.05 billion, a PE ratio of -20.04 and a beta of 0.78. The business has a 50 day moving average price of $21.71 and a two-hundred day moving average price of $23.71. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29.

Analysts Set New Price Targets

S has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Bank of America dropped their target price on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Guggenheim reissued a “buy” rating and set a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Piper Sandler dropped their price target on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Morgan Stanley assumed coverage on SentinelOne in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $20.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its holdings in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after buying an additional 4,206,900 shares in the last quarter. Norges Bank purchased a new position in shares of SentinelOne in the fourth quarter worth $73,528,000. Point72 Asset Management L.P. bought a new position in shares of SentinelOne during the fourth quarter worth $63,120,000. Sylebra Capital LLC grew its stake in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Finally, Atreides Management LP increased its holdings in SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other 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.