Ric Smith Sells 10,624 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 10,624 shares of SentinelOne stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the completion of the transaction, the insider now owns 488,122 shares in the company, valued at $9,650,171.94. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 18th, Ric Smith sold 31,659 shares of SentinelOne stock. The shares were sold at an average price of $19.10, for a total value of $604,686.90.
• On Thursday, March 6th, Ric Smith sold 20,188 shares of SentinelOne stock. The stock was sold at an average price of $19.55, for a total value of $394,675.40.
• On Tuesday, February 25th, Ric Smith sold 14,584 shares of SentinelOne stock. The stock was sold at an average price of $20.96, for a total value of $305,680.64.
• On Thursday, February 6th, Ric Smith sold 2,341 shares of SentinelOne stock. The stock was sold at an average price of $23.95, for a total value of $56,066.95.
• On Monday, January 27th, Ric Smith sold 14,583 shares of SentinelOne stock. The stock was sold at an average price of $23.29, for a total transaction of $339,638.07.

SentinelOne Stock Down 2.7 %

S stock traded down $0.51 during midday trading on Friday, reaching $18.84. 2,779,489 shares of the company’s stock traded hands, compared to its average volume of 4,897,486. The company has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $23.71. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -20.04 and a beta of 0.78. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in SentinelOne by 27.9% in the 4th quarter. Wellington Management Group LLP now owns 1,443,286 shares of the company’s stock valued at $32,041,000 after acquiring an additional 314,506 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of SentinelOne by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 259,147 shares of the company’s stock valued at $5,753,000 after purchasing an additional 1,210 shares during the last quarter. Sylebra Capital LLC increased its holdings in shares of SentinelOne by 6.2% in the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock valued at $213,415,000 after purchasing an additional 564,327 shares in the last quarter. Brooklyn FI LLC raised its position in SentinelOne by 1,688.9% in the 4th quarter. Brooklyn FI LLC now owns 161,000 shares of the company’s stock worth $3,574,000 after purchasing an additional 152,000 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in SentinelOne in the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on S. Robert W. Baird reduced their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Morgan Stanley started coverage on shares of SentinelOne in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $20.00 target price for the company. Oppenheimer started coverage on SentinelOne in a research note on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target on the stock. Citigroup reduced their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, Scotiabank lowered their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

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.