Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells 10,165 Shares of Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $266,831.25. Following the completion of the sale, the chief executive officer now owns 1,029,332 shares in the company, valued at approximately $27,019,965. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, October 9th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20.
• On Monday, October 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $23.42, for a total transaction of $1,425,434.88.
• On Wednesday, September 11th, Tomer Weingarten sold 82,116 shares of SentinelOne stock. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60.
• On Friday, September 6th, Tomer Weingarten sold 38,607 shares of SentinelOne stock. The shares were sold at an average price of $22.80, for a total value of $880,239.60.
• 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 transaction of $1,306,750.08.

SentinelOne Stock Down 1.2 %

Shares of NYSE S opened at $27.57 on Friday. The business’s 50 day moving average is $24.69 and its two-hundred day moving average is $22.35. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of -29.64 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. 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 for the quarter, compared to analyst estimates of $197.32 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. Analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on S. DA Davidson lifted their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Susquehanna increased their price target on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. 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. Finally, Morgan Stanley increased their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and an average target price of $28.60.

Institutional Trading of SentinelOne

Several hedge funds have recently modified their holdings of S. Waldron Private Wealth LLC acquired a new stake in SentinelOne in the third quarter valued at approximately $26,000. Blue Trust Inc. purchased a new position in SentinelOne in the second quarter valued at $27,000. Allspring Global Investments Holdings LLC lifted its holdings in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in shares of SentinelOne in the 2nd quarter valued at about $49,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.