SentinelOne (NYSE:S) CEO Sells $780,116.40 in Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 51,595 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $15.12, for a total value of $780,116.40. Following the completion of the sale, the chief executive officer owned 1,145,608 shares in the company, valued at $17,321,592.96. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 2nd, Tomer Weingarten sold 6,346 shares of SentinelOne stock. The stock was sold at an average price of $15.04, for a total value of $95,443.84.
• On Thursday, December 11th, Tomer Weingarten sold 125,429 shares of SentinelOne stock. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61.
• On Monday, December 8th, Tomer Weingarten sold 38,684 shares of SentinelOne stock. The shares were sold at an average price of $14.58, for a total transaction of $564,012.72.
• On Thursday, November 6th, Tomer Weingarten sold 90,100 shares of SentinelOne stock. The stock was sold at an average price of $16.47, for a total transaction of $1,483,947.00.

SentinelOne Price Performance

NYSE S traded up $0.36 during mid-day trading on Tuesday, reaching $15.17. 5,701,892 shares of the stock were exchanged, compared to its average volume of 8,366,902. The stock has a market cap of $5.16 billion, a P/E ratio of -12.14 and a beta of 0.77. SentinelOne, Inc. has a one year low of $14.43 and a one year high of $25.24. The stock has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $17.12.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Triumph Capital Management raised its position in SentinelOne by 19.3% in the 3rd quarter. Triumph Capital Management now owns 39,927 shares of the company’s stock valued at $703,000 after buying an additional 6,463 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of SentinelOne in the 3rd quarter worth $36,000. Allworth Financial LP grew its stake in shares of SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of SentinelOne by 42.4% in the third quarter. IFP Advisors Inc now owns 13,599 shares of the company’s stock valued at $239,000 after purchasing an additional 4,049 shares during the last quarter. Finally, Swiss Life Asset Management Ltd bought a new position in shares of SentinelOne during the third quarter valued at about $239,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Cantor Fitzgerald reduced their price target on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, November 24th. Wedbush cut their price objective on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, December 5th. Oppenheimer dropped their price target on SentinelOne from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective on shares of SentinelOne in a research note on Friday, December 12th. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.