SentinelOne, Inc. (NYSE:S) Insider Keenan Michael Conder Sells 11,097 Shares

SentinelOne, Inc. (NYSE:S) insider Keenan Michael Conder sold 11,097 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $253,011.60. Following the sale, the insider now owns 438,363 shares of the company’s stock, valued at $9,994,676.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SentinelOne Price Performance

Shares of S opened at $21.65 on Wednesday. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of -21.23 and a beta of 0.67. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The business’s 50 day simple moving average is $22.30 and its 200-day simple moving average is $21.98.

SentinelOne (NYSE:S) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) EPS. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

S has been the subject of a number of recent research reports. Baird R W upgraded SentinelOne to a “strong-buy” rating in a research note on Monday, July 15th. Guggenheim reiterated a “buy” rating and set a $23.00 price objective on shares of SentinelOne in a research note on Tuesday, June 25th. Barclays boosted their price objective on SentinelOne from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. DA Davidson boosted their price objective on SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and cut their price objective for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.96.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of SentinelOne during the second quarter worth $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in SentinelOne in the 4th quarter worth about $30,000. Sugarloaf Wealth Management LLC lifted its holdings in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in SentinelOne in the 2nd quarter valued at about $49,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.