David J. Bernhardt Sells 34,021 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:SGet Free Report) CFO David J. Bernhardt sold 34,021 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $30.03, for a total transaction of $1,021,650.63. Following the completion of the transaction, the chief financial officer now owns 403,132 shares in the company, valued at approximately $12,106,053.96. The sale was disclosed in a legal filing with the SEC, which is available through this link.

SentinelOne Trading Up 2.3 %

SentinelOne stock opened at $29.70 on Friday. The firm has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $19.70. SentinelOne, Inc. has a 12-month low of $12.43 and a 12-month high of $30.22.

SentinelOne (NYSE:SGet Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.05. The business had revenue of $164.20 million during the quarter, compared to analysts’ expectations of $156.09 million. SentinelOne had a negative net margin of 62.89% and a negative return on equity of 20.10%. The business’s revenue was up 42.4% on a year-over-year basis. During the same period last year, the firm posted ($0.32) earnings per share. As a group, equities analysts predict that SentinelOne, Inc. will post -1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on S. StockNews.com upgraded shares of SentinelOne to a “sell” rating in a report on Friday, January 12th. Susquehanna started coverage on shares of SentinelOne in a research note on Friday, December 15th. They issued a “positive” rating and a $35.00 target price on the stock. Scotiabank upped their target price on shares of SentinelOne from $16.50 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. Morgan Stanley upped their target price on shares of SentinelOne from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Finally, Sanford C. Bernstein started coverage on shares of SentinelOne in a research note on Thursday, January 18th. They issued an “outperform” rating and a $34.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne has a consensus rating of “Hold” and an average price target of $22.40.

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Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in SentinelOne by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 1,554,020 shares of the company’s stock valued at $26,201,000 after purchasing an additional 74,118 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of SentinelOne in the 3rd quarter valued at approximately $2,357,000. Raymond James & Associates lifted its position in shares of SentinelOne by 189.3% in the 3rd quarter. Raymond James & Associates now owns 45,535 shares of the company’s stock valued at $768,000 after acquiring an additional 29,793 shares in the last quarter. Element Pointe Advisors LLC lifted its position in shares of SentinelOne by 50.0% in the 2nd quarter. Element Pointe Advisors LLC now owns 15,000 shares of the company’s stock valued at $226,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $172,000. 71.33% of the stock is owned by institutional investors and hedge funds.

SentinelOne Company Profile

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.

Further Reading

Insider Buying and Selling by Quarter for SentinelOne (NYSE:S)

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