Ric Smith Sells 23,567 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 23,567 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total value of $515,881.63. Following the completion of the transaction, the insider now directly owns 585,647 shares of the company’s stock, valued at $12,819,812.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 3rd, Ric Smith sold 14,584 shares of SentinelOne stock. The stock was sold at an average price of $22.99, for a total value of $335,286.16.
• On Tuesday, August 6th, Ric Smith sold 3,135 shares of SentinelOne stock. The stock was sold at an average price of $20.56, for a total value of $64,455.60.
• On Thursday, July 25th, Ric Smith sold 14,583 shares of SentinelOne stock. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82.
• On Friday, July 5th, Ric Smith sold 99,502 shares of SentinelOne stock. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20.

SentinelOne Stock Performance

S traded down $0.15 on Tuesday, reaching $21.64. The company had a trading volume of 3,121,831 shares, compared to its average volume of 5,544,765. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The company has a market cap of $6.86 billion, a price-to-earnings ratio of -21.08 and a beta of 0.67. The business has a 50 day simple moving average of $22.28 and a 200 day simple moving average of $22.02.

SentinelOne (NYSE:S) last posted its quarterly earnings data 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 net margin of 38.91% and a negative return on equity of 15.42%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) EPS. As a group, equities research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on S. Morgan Stanley lifted their price target on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Loop Capital upped their price target on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Bank of America decreased their price objective on SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a report on Friday, May 31st. Robert W. Baird boosted their price objective on SentinelOne from $25.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Finally, Guggenheim reiterated a “buy” rating and set a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.96.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently modified their holdings of S. Norges Bank bought a new stake in SentinelOne in the 4th quarter worth approximately $228,872,000. Eminence Capital LP raised its stake in shares of SentinelOne by 89.7% during the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock worth $149,130,000 after acquiring an additional 2,569,781 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of SentinelOne in the 2nd quarter worth approximately $36,237,000. Vanguard Group Inc. boosted its stake in shares of SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. Finally, AXA S.A. bought a new position in shares of SentinelOne during the second quarter valued at about $20,082,000. 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.