Insider Selling: SentinelOne, Inc. (NYSE:S) CAO Sells 6,378 Shares of Stock

SentinelOne, Inc. (NYSE:S) CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

SentinelOne Price Performance

SentinelOne stock opened at $19.84 on Friday. The stock’s 50 day moving average is $22.70 and its 200 day moving average is $24.22. The firm has a market cap of $6.37 billion, a P/E ratio of -21.10 and a beta of 0.78. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period last year, the firm posted ($0.21) earnings per share. SentinelOne’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently added to or reduced their stakes in S. Wealth Enhancement Advisory Services LLC bought a new stake in shares of SentinelOne during the third quarter valued at approximately $457,000. Van ECK Associates Corp lifted its stake in SentinelOne by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 96,015 shares of the company’s stock valued at $2,427,000 after acquiring an additional 1,489 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in SentinelOne by 1.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 190,315 shares of the company’s stock valued at $4,552,000 after acquiring an additional 2,833 shares in the last quarter. Amalgamated Bank lifted its stake in SentinelOne by 14.3% during the 3rd quarter. Amalgamated Bank now owns 14,886 shares of the company’s stock valued at $356,000 after acquiring an additional 1,857 shares in the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in SentinelOne by 30.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 42,020 shares of the company’s stock valued at $1,005,000 after acquiring an additional 9,787 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

S has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Oppenheimer began coverage on SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Robert W. Baird raised their price target on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley decreased their price target on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $29.48.

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.