Mark Peek Acquires 40,000 Shares of SentinelOne (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) Director Mark Peek purchased 40,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $14.89 per share, for a total transaction of $595,600.00. Following the completion of the acquisition, the director owned 120,000 shares of the company’s stock, valued at approximately $1,786,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SentinelOne Price Performance

NYSE S traded up $0.12 during trading hours on Thursday, hitting $14.60. The company’s stock had a trading volume of 8,424,564 shares, compared to its average volume of 6,225,444. SentinelOne, Inc. has a 12 month low of $14.43 and a 12 month high of $25.24. The company’s 50 day simple moving average is $16.48 and its two-hundred day simple moving average is $17.41. The company has a market cap of $4.96 billion, a P/E ratio of -11.68 and a beta of 0.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The firm had revenue of $258.91 million for the quarter, compared to the consensus estimate of $256.19 million. During the same quarter last year, the firm posted ($0.25) EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares during the period. Strategic Advocates LLC purchased a new stake in shares of SentinelOne during the third quarter worth about $26,000. Danske Bank A S bought a new stake in SentinelOne during the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in SentinelOne in the 2nd quarter worth approximately $29,000. Finally, MAI Capital Management boosted its stake in SentinelOne by 121.2% in the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on S. Wells Fargo & Company raised their price target on SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. TD Cowen reduced their price target on shares of SentinelOne from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Canaccord Genuity Group lowered their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. New Street Research set a $23.00 target price on shares of SentinelOne in a research report on Friday, August 29th. Finally, Bank of America reduced their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $22.43.

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.