Insider Selling: SentinelOne, Inc. (NYSE:S) Insider Sells 14,583 Shares of Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,377,680.11. The trade was a 2.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ric Smith also recently made the following trade(s):

• On Thursday, December 26th, Ric Smith sold 14,583 shares of SentinelOne stock. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25.
• On Tuesday, December 10th, Ric Smith sold 41,170 shares of SentinelOne stock. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60.
• On Wednesday, November 6th, Ric Smith sold 3,135 shares of SentinelOne stock. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75.

SentinelOne Stock Performance

Shares of S stock opened at $24.38 on Wednesday. The stock has a market capitalization of $7.84 billion, a P/E ratio of -25.94 and a beta of 0.74. The company has a 50 day moving average price of $24.06 and a 200 day moving average price of $24.11. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted ($0.21) EPS. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Sylebra Capital LLC lifted its position in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after buying an additional 2,282,980 shares during the last quarter. State Street Corp raised its position in SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares during the last quarter. Geode Capital Management LLC raised its position in SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after buying an additional 355,944 shares during the last quarter. Atreides Management LP grew its stake in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth $80,604,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on S. JPMorgan Chase & Co. upped their price target on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Susquehanna increased their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein decreased their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

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.