Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells 38,607 Shares of Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 38,607 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 $880,239.60. Following the transaction, the chief executive officer now owns 1,060,749 shares in the company, valued at $24,185,077.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tomer Weingarten also recently made the following trade(s):

• On Monday, August 12th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $21.47, for a total value of $1,306,750.08.
• On Thursday, August 8th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $21.17, for a total value of $1,288,490.88.
• On Tuesday, August 6th, Tomer Weingarten sold 10,165 shares of SentinelOne stock. The shares were sold at an average price of $20.56, for a total value of $208,992.40.
• On Thursday, July 18th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $20.54, for a total value of $1,250,146.56.
• On Tuesday, July 16th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $21.83, for a total value of $1,328,661.12.
• On Thursday, June 13th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $18.25, for a total value of $1,110,768.00.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $21.65 on Wednesday. The firm has a fifty day moving average of $22.30 and a two-hundred day moving average of $21.98. 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 52 week low of $14.33 and a 52 week high of $30.76.

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

Analyst Ratings Changes

Several research analysts have recently commented on S shares. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and reduced their target price for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. Susquehanna boosted their target price on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, September 5th. Baird R W raised SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Morgan Stanley boosted their target price on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and a consensus target price of $27.96.

Institutional Trading of SentinelOne

A number of large investors have recently made changes to their positions in S. Norges Bank bought a new stake in shares of SentinelOne in the 4th quarter valued at $228,872,000. Eminence Capital LP boosted its stake in SentinelOne by 89.7% in the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock worth $149,130,000 after purchasing an additional 2,569,781 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in SentinelOne in the 2nd quarter worth $36,237,000. Vanguard Group Inc. boosted its stake in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares during the period. Finally, AXA S.A. acquired a new position in SentinelOne in the 2nd quarter worth $20,082,000. 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.