Insider Selling: SentinelOne, Inc. (NYSE:S) Insider Sells $352,908.60 in Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total value of $352,908.60. Following the transaction, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. 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 Monday, September 9th, Ric Smith sold 23,567 shares of SentinelOne stock. The stock was sold at an average price of $21.89, for a total value of $515,881.63.
• On Tuesday, September 3rd, Ric Smith sold 14,584 shares of SentinelOne stock. The stock was sold at an average price of $22.99, for a total value of $335,286.16.
• On Tuesday, August 6th, Ric Smith sold 3,135 shares of SentinelOne stock. The stock was sold at an average price of $20.56, for a total value of $64,455.60.
• On Thursday, July 25th, Ric Smith sold 14,583 shares of SentinelOne stock. The stock was sold at an average price of $23.54, for a total value of $343,283.82.
• On Friday, July 5th, Ric Smith sold 99,502 shares of SentinelOne stock. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20.

SentinelOne Stock Performance

Shares of S stock opened at $24.08 on Monday. The stock has a fifty day moving average price of $23.13 and a 200 day moving average price of $21.64. The stock has a market cap of $7.53 billion, a PE ratio of -23.61 and a beta of 0.67. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on S shares. Westpark Capital restated a “buy” rating and set a $34.00 price target on shares of SentinelOne in a research note on Monday, August 26th. Robert W. Baird boosted their price target on SentinelOne from $25.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. The Goldman Sachs Group restated a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a research note on Friday, September 13th. Wells Fargo & Company boosted their price target on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” 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 target 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $27.83.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. purchased a new stake in shares of SentinelOne in the second quarter worth about $27,000. Allspring Global Investments Holdings LLC boosted its holdings in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $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 fourth quarter valued at about $30,000. Sugarloaf Wealth Management LLC boosted its holdings in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in SentinelOne in the second quarter valued at about $49,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.