SentinelOne (NYSE:S) Shares Gap Down – Time to Sell?

SentinelOne, Inc. (NYSE:S) shares gapped down prior to trading on Friday . The stock had previously closed at $27.36, but opened at $26.56. SentinelOne shares last traded at $26.57, with a volume of 419,014 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on S shares. Citigroup increased their price target on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. DA Davidson boosted their price target on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their price objective for the stock from $25.00 to $32.00 in a research note on Tuesday. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Finally, Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Stock Performance

The firm has a 50 day moving average price of $25.04 and a two-hundred day moving average price of $22.51.

SentinelOne (NYSE:S) last announced its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The company had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the company posted ($0.26) earnings per share. On average, research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insider Activity

In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $114,501.60. Following the transaction, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 432,125 shares of company stock worth $10,367,734 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. SG Americas Securities LLC lifted its position in shares of SentinelOne by 85.0% in the first quarter. SG Americas Securities LLC now owns 14,811 shares of the company’s stock worth $345,000 after buying an additional 6,805 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in SentinelOne by 10.7% during the first quarter. Oppenheimer & Co. Inc. now owns 25,871 shares of the company’s stock valued at $603,000 after purchasing an additional 2,498 shares during the last quarter. Swiss National Bank raised its position in shares of SentinelOne by 2.9% in the first quarter. Swiss National Bank now owns 466,600 shares of the company’s stock valued at $10,876,000 after purchasing an additional 13,200 shares during the period. Sei Investments Co. lifted its stake in shares of SentinelOne by 41.8% in the first quarter. Sei Investments Co. now owns 132,105 shares of the company’s stock worth $3,079,000 after buying an additional 38,967 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in SentinelOne by 26.9% in the 1st quarter. Russell Investments Group Ltd. now owns 288,020 shares of the company’s stock valued at $6,714,000 after buying an additional 61,076 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.