SentinelOne (NYSE:S) Shares Gap Up – Here’s Why

SentinelOne, Inc. (NYSE:S)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $27.18, but opened at $27.94. SentinelOne shares last traded at $27.52, with a volume of 633,309 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on S shares. Westpark Capital reiterated a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. Susquehanna upped their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research note on Thursday, September 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. Citigroup lifted their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Finally, Loop Capital lifted their target price on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Trading Up 2.0 %

The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of -29.60 and a beta of 0.65. The company has a fifty day moving average of $24.76 and a two-hundred day moving average of $22.40.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the sale, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO David J. Bernhardt sold 11,061 shares of SentinelOne stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $252,190.80. Following the completion of the transaction, the chief financial officer now directly owns 489,003 shares in the company, valued at approximately $11,149,268.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the sale, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 361,470 shares of company stock valued at $8,415,537 over the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of institutional investors have recently modified their holdings of S. Waldron Private Wealth LLC acquired a new position in SentinelOne in the 3rd quarter worth about $26,000. Blue Trust Inc. purchased a new stake in shares of SentinelOne in the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its position in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of SentinelOne in the second quarter worth $49,000. 90.87% of the stock is currently 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.