SentinelOne Sees Unusually High Options Volume (NYSE:S)

SentinelOne, Inc. (NYSE:S) was the target of unusually large options trading activity on Wednesday. Traders purchased 14,308 call options on the stock. This represents an increase of approximately 33% compared to the average volume of 10,744 call options.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on S. Morgan Stanley dropped their price target on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. Finally, Westpark Capital lowered their price target on shares of SentinelOne from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.78.

SentinelOne Stock Performance

Shares of SentinelOne stock traded up $0.59 during midday trading on Wednesday, reaching $19.34. 8,142,293 shares of the company’s stock traded hands, compared to its average volume of 4,432,826. The stock has a 50 day moving average of $22.50 and a 200-day moving average of $24.10. The company has a market cap of $6.21 billion, a PE ratio of -20.69 and a beta of 0.78. SentinelOne has a 12 month low of $14.33 and a 12 month high of $29.29.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 314,682 shares of company stock worth $7,094,571. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV lifted its holdings in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares in the last quarter. Erste Asset Management GmbH bought a new stake in SentinelOne during the third quarter valued at about $4,816,000. Charles Schwab Investment Management Inc. raised its stake in SentinelOne by 55.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after acquiring an additional 921,572 shares during the period. Carnegie Investment Counsel purchased a new stake in SentinelOne in the 4th quarter worth $7,167,000. Finally, Banco Santander S.A. purchased a new position in shares of SentinelOne during the third quarter valued at about $5,002,000. Hedge funds and other institutional investors 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.