Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells 60,864 Shares of Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 stock was 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 transaction of $1,952,197.65.
• On Wednesday, November 6th, Tomer Weingarten sold 10,165 shares of SentinelOne stock. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25.

SentinelOne Price Performance

Shares of S opened at $22.46 on Friday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The stock’s fifty day moving average price is $25.17 and its two-hundred day moving average price is $23.82. The firm has a market cap of $7.22 billion, a PE ratio of -23.89 and a beta of 0.74.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the business posted ($0.21) EPS. Sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on S. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Morgan Stanley reissued an “equal weight” rating and set a $29.00 price objective on shares of SentinelOne in a report on Monday, December 2nd. Wedbush upgraded SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. Cantor Fitzgerald began coverage on SentinelOne in a report on Thursday. They set an “overweight” rating and a $30.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.46.

Institutional Trading of SentinelOne

Institutional investors have recently modified their holdings of the business. KBC Group NV increased its position 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 buying an additional 58,000 shares during the period. Erste Asset Management GmbH bought a new stake in SentinelOne during the 3rd quarter worth approximately $4,816,000. NorthRock Partners LLC bought a new stake in SentinelOne during the 3rd quarter worth approximately $5,227,000. Charles Schwab Investment Management Inc. lifted its stake in SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after purchasing an additional 921,572 shares in the last quarter. Finally, Sycomore Asset Management boosted its holdings in SentinelOne by 40.4% in the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after purchasing an additional 83,060 shares during the period. 90.87% of the stock is currently owned by hedge funds and other 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.