SentinelOne (NYSE:S) Shares Gap Up – Here’s Why

Shares of SentinelOne, Inc. (NYSE:S) gapped up before the market opened on Tuesday . The stock had previously closed at $27.18, but opened at $27.94. SentinelOne shares last traded at $27.52, with a volume of 633,309 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on S shares. Baird R W raised shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Robert W. Baird raised their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 price target on shares of SentinelOne in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and raised their price objective for the company from $25.00 to $32.00 in a research note on Tuesday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.73.

SentinelOne Stock Performance

The company’s fifty day simple moving average is $24.76 and its two-hundred day simple moving average is $22.40. The stock has a market capitalization of $8.80 billion, a PE ratio of -29.60 and a beta of 0.65.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $198.94 million during the quarter, compared to analyst estimates 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 was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. Sell-side analysts forecast that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the transaction, the insider now directly owns 636,699 shares in the company, valued at approximately $14,637,710.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $266,831.25. Following the sale, the chief executive officer now directly owns 1,029,332 shares in the company, valued at $27,019,965. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the transaction, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 361,470 shares of company stock valued at $8,415,537 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the company. Cerity Partners LLC purchased a new position in SentinelOne in the third quarter worth about $1,315,000. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne during the third quarter valued at $80,604,000. Charles Schwab Investment Management Inc. grew its position in SentinelOne by 55.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after purchasing an additional 921,572 shares during the period. Banco Santander S.A. acquired a new stake in SentinelOne during the 3rd quarter worth about $5,002,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of SentinelOne by 37.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,359,065 shares of the company’s stock valued at $56,429,000 after acquiring an additional 637,577 shares during the period. 90.87% of the stock is currently 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.