SentinelOne (NYSE:S) Trading 6.3% Higher

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted 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. JPMorgan Chase & Co. boosted their target price on SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. UBS Group reduced their price target on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and decreased their price target for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. Finally, Bank of America dropped their price objective on shares of SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

SentinelOne Trading Up 7.5 %

The stock’s 50-day moving average price is $22.48 and its 200-day moving average price is $21.81. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of -24.34 and a beta of 0.67.

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

Insider Activity at SentinelOne

In other 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 value of $1,999,990.20. Following the completion of the sale, the insider now owns 639,834 shares in the company, valued at approximately $12,860,663.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ric Smith sold 99,502 shares of the stock in a transaction dated 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 transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $21.83, for a total value of $1,328,661.12. Following the completion of the sale, the chief executive officer now directly owns 1,119,312 shares of the company’s stock, valued at $24,434,580.96. The disclosure for this sale can be found here. Insiders have sold a total of 574,769 shares of company stock worth $12,295,560 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new position in SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of SentinelOne during the fourth quarter valued at approximately $30,000. Sugarloaf Wealth Management LLC grew its holdings in SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in SentinelOne in the 2nd quarter valued at $49,000. 90.87% of the stock is 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.