SentinelOne, Inc. (NYSE:S) Insider Ric Smith Sells 24,467 Shares

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 24,467 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $423,279.10. Following the completion of the sale, the insider now directly owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SentinelOne Stock Performance

Shares of NYSE:S traded down $0.06 on Friday, hitting $17.18. The company’s stock had a trading volume of 3,340,048 shares, compared to its average volume of 5,527,118. SentinelOne, Inc. has a 12 month low of $13.70 and a 12 month high of $30.76. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of -16.84 and a beta of 0.59. The stock’s 50-day moving average is $21.17 and its two-hundred day moving average is $23.81.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business had revenue of $186.36 million during the quarter, compared to the consensus estimate of $181.11 million. During the same period in the previous year, the company posted ($0.35) EPS. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. Equities analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in SentinelOne by 27.3% during the third quarter. Principal Financial Group Inc. now owns 19,298 shares of the company’s stock valued at $325,000 after buying an additional 4,138 shares in the last quarter. Victory Capital Management Inc. boosted its stake in SentinelOne by 14.3% during the third quarter. Victory Capital Management Inc. now owns 25,016 shares of the company’s stock valued at $422,000 after buying an additional 3,130 shares in the last quarter. New York State Common Retirement Fund boosted its stake in SentinelOne by 16.8% during the third quarter. New York State Common Retirement Fund now owns 209,336 shares of the company’s stock valued at $3,529,000 after buying an additional 30,060 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in SentinelOne by 25.7% during the third quarter. Oppenheimer & Co. Inc. now owns 43,120 shares of the company’s stock valued at $727,000 after buying an additional 8,824 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in SentinelOne by 17.2% during the third quarter. Amalgamated Bank now owns 36,335 shares of the company’s stock valued at $613,000 after buying an additional 5,345 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on S. Scotiabank cut their price objective on SentinelOne from $25.00 to $18.00 and set a “sector perform” rating for the company in a research report on Monday. UBS Group dropped their price objective on SentinelOne from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, May 31st. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a research report on Friday, May 31st. Wells Fargo & Company lowered their price target on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Finally, Bank of America decreased their target price on SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $25.08.

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.