SentinelOne (NYSE:S) Stock Price Up 6.3%

SentinelOne, Inc. (NYSE:S) rose 6.3% during mid-day trading on Tuesday . The stock traded as high as $24.68 and last traded at $24.66. Approximately 7,072,271 shares were traded during trading, an increase of 28% from the average daily volume of 5,532,876 shares. The stock had previously closed at $23.20.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on S shares. Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and lowered their price target for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and lowered their target price for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. Sanford C. Bernstein cut their price target on SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Susquehanna boosted their price objective on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.83.

SentinelOne Price Performance

The business’s 50-day moving average is $22.48 and its two-hundred day moving average is $21.81. The firm has a market cap of $7.91 billion, a P/E ratio of -24.34 and a beta of 0.67.

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

Insider Activity

In other SentinelOne news, insider Ric Smith sold 99,502 shares of SentinelOne stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the completion of the transaction, the insider now directly owns 639,834 shares of the company’s stock, valued at $12,860,663.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $20.54, for a total transaction of $1,250,146.56. Following the completion of the sale, the chief executive officer now directly owns 1,119,312 shares of the company’s stock, valued at approximately $22,990,668.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ric Smith sold 99,502 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the transaction, the insider now directly owns 639,834 shares in the company, valued at $12,860,663.40. The disclosure for this sale can be found here. Insiders sold a total of 574,769 shares of company stock valued at $12,295,560 over the last three months. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Heritage Wealth Management Inc. bought a new stake in shares of SentinelOne during the 2nd quarter valued at $414,000. Sanctuary Advisors LLC bought a new stake in SentinelOne during the second quarter worth about $259,000. Sycomore Asset Management grew its stake in SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after buying an additional 83,060 shares in the last quarter. Clearbridge Investments LLC increased its holdings in SentinelOne by 0.8% in the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after buying an additional 20,600 shares during the period. Finally, Truist Financial Corp raised its position in shares of SentinelOne by 17.4% in the 2nd quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock valued at $584,000 after buying an additional 4,110 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.