Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells $1,370,657.28 in Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 13th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36.
• 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 shares were sold at an average price of $26.25, for a total transaction of $266,831.25.

SentinelOne Stock Performance

Shares of NYSE:S opened at $22.46 on Friday. The firm has a market cap of $7.22 billion, a PE ratio of -23.89 and a beta of 0.74. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The firm’s fifty day moving average is $25.17 and its 200-day moving average is $23.82.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $209.73 million. During the same quarter last year, the firm posted ($0.21) EPS. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Sell-side analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

S has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Susquehanna raised their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Cantor Fitzgerald initiated coverage on SentinelOne in a research note on Thursday. They issued an “overweight” rating and a $30.00 price target for the company. Guggenheim restated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Westpark Capital reiterated a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.46.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co grew its holdings in SentinelOne by 40.5% during the 4th quarter. Diversified Trust Co now owns 47,487 shares of the company’s stock worth $1,054,000 after acquiring an additional 13,686 shares during the period. Modus Advisors LLC acquired a new stake in SentinelOne during the fourth quarter worth approximately $48,000. Principal Financial Group Inc. increased its holdings in SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after purchasing an additional 1,111 shares in the last quarter. Franklin Resources Inc. lifted its stake in SentinelOne by 5.5% in the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after buying an additional 1,366 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of SentinelOne during the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.