SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten Sells 70,642 Shares

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares of the company’s stock, valued at $22,760,163.72. This trade represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Tomer Weingarten also recently made the following trade(s):

• On Thursday, February 6th, Tomer Weingarten sold 10,178 shares of SentinelOne stock. The shares were sold at an average price of $23.95, for a total value of $243,763.10.
• On Tuesday, January 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $22.52, for a total value of $1,370,657.28.
• 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 transaction of $1,444,911.36.
• On Wednesday, December 11th, Tomer Weingarten sold 82,116 shares of SentinelOne stock. The shares were sold at an average price of $23.61, for a total transaction of $1,938,758.76.

SentinelOne Stock Up 3.2 %

SentinelOne stock opened at $24.97 on Friday. The company has a fifty day simple moving average of $23.19 and a 200 day simple moving average of $24.23. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last released its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period in the prior year, the firm posted ($0.21) EPS. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. On average, equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC bought a new position in shares of SentinelOne in the third quarter valued at $26,000. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the period. Avion Wealth bought a new position in shares of SentinelOne in the 4th quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne during the 4th quarter worth about $33,000. Finally, Arlington Trust Co LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on S. Guggenheim reaffirmed a “buy” rating and set a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Sanford C. Bernstein decreased their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 target price on shares of SentinelOne in a research note on Monday, December 2nd. Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.56.

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.