Ric Smith Sells 10,624 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 10,624 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 transaction of $210,036.48. Following the transaction, the insider now owns 488,122 shares of the company’s stock, valued at $9,650,171.94. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 18th, Ric Smith sold 31,659 shares of SentinelOne stock. The stock was sold at an average price of $19.10, for a total value of $604,686.90.
• On Thursday, March 6th, Ric Smith sold 20,188 shares of SentinelOne stock. The shares were sold at an average price of $19.55, for a total value of $394,675.40.
• On Tuesday, February 25th, Ric Smith sold 14,584 shares of SentinelOne stock. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64.
• On Thursday, February 6th, Ric Smith sold 2,341 shares of SentinelOne stock. The shares were sold at an average price of $23.95, for a total value of $56,066.95.
• On Monday, January 27th, Ric Smith sold 14,583 shares of SentinelOne stock. The stock was sold at an average price of $23.29, for a total value of $339,638.07.

SentinelOne Stock Performance

Shares of S stock opened at $18.84 on Friday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -20.04 and a beta of 0.78. The stock’s 50-day simple moving average is $21.71 and its 200-day simple moving average is $23.73.

Institutional Trading of SentinelOne

Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the period. Norges Bank purchased a new position in SentinelOne during the 4th quarter worth approximately $73,528,000. Point72 Asset Management L.P. acquired a new stake in SentinelOne during the 4th quarter valued at approximately $63,120,000. Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 33.7% in the 3rd 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 during the last quarter. Finally, Atreides Management LP increased its stake in shares of SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring an additional 2,200,594 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on S shares. Westpark Capital reduced their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Bank of America decreased their price target on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Scotiabank lowered their price target on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. reduced their price objective on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Oppenheimer initiated coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.