SentinelOne (NYSE:S) Shares Gap Up – What’s Next?

SentinelOne, Inc. (NYSE:S) shares gapped up before the market opened on Thursday . The stock had previously closed at $20.51, but opened at $21.80. SentinelOne shares last traded at $22.2790, with a volume of 1,688,036 shares traded.

Wall Street Analysts Forecast Growth

S has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of SentinelOne in a research note on Friday, May 29th. Oppenheimer upped their target price on shares of SentinelOne from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Barclays increased their target price on shares of SentinelOne from $16.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Wells Fargo & Company raised their price target on shares of SentinelOne from $16.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Finally, Citigroup restated a “market outperform” rating on shares of SentinelOne in a research note on Wednesday, August 12th. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.07.

SentinelOne Trading Up 7.8%

The business has a fifty day moving average price of $19.04 and a 200 day moving average price of $16.19. The firm has a market cap of $7.58 billion, a PE ratio of -23.01 and a beta of 0.79.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. SentinelOne had a negative net margin of 30.39% and a negative return on equity of 15.35%. The business had revenue of $276.66 million during the quarter, compared to the consensus estimate of $277.31 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company’s revenue was up 20.8% compared to the same quarter last year. On average, research analysts expect that SentinelOne, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 57,941 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $18.75, for a total value of $1,086,393.75. Following the completion of the sale, the chief executive officer owned 1,894,397 shares in the company, valued at approximately $35,519,943.75. The trade was a 2.97% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Barry L. Padgett sold 15,460 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $17.89, for a total transaction of $276,579.40. Following the completion of the sale, the chief operating officer owned 987,208 shares of the company’s stock, valued at approximately $17,661,151.12. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 423,705 shares of company stock valued at $7,369,527 over the last 90 days. 4.27% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently made changes to their positions in S. Vanguard Group Inc. boosted its holdings in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock valued at $547,988,000 after purchasing an additional 520,142 shares in the last quarter. Bank of America Corp DE raised its stake in shares of SentinelOne by 17.6% during the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock worth $32,457,000 after buying an additional 377,542 shares in the last quarter. Maxi Investments CY Ltd raised its stake in shares of SentinelOne by 63.3% during the 4th quarter. Maxi Investments CY Ltd now owns 245,000 shares of the company’s stock worth $3,675,000 after buying an additional 95,000 shares in the last quarter. Swedbank AB lifted its holdings in shares of SentinelOne by 8.0% in the 4th quarter. Swedbank AB now owns 3,809,314 shares of the company’s stock valued at $57,140,000 after buying an additional 280,587 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of SentinelOne in the 4th quarter valued at approximately $35,781,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

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.