Insider Selling: SentinelOne, Inc. (NYSE:S) Insider Sells 14,583 Shares of Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 14,583 shares of the 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 $14,172,657.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 shares were 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 shares were sold at an average price of $20.10, for a total value of $1,999,990.20.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $24.08 on Monday. The firm has a 50-day moving average of $23.13 and a 200-day moving average 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 52-week low of $14.33 and a 52-week high of $30.76.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd bought a new stake in SentinelOne in the second quarter valued at approximately $4,736,000. Lord Abbett & CO. LLC boosted its holdings in SentinelOne by 25.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock valued at $43,006,000 after acquiring an additional 375,275 shares during the last quarter. Hood River Capital Management LLC bought a new stake in SentinelOne in the second quarter valued at approximately $4,060,000. Malaga Cove Capital LLC bought a new stake in SentinelOne in the second quarter valued at approximately $679,000. Finally, Principal Financial Group Inc. boosted its holdings in SentinelOne by 874.1% in the first quarter. Principal Financial Group Inc. now owns 157,273 shares of the company’s stock valued at $3,666,000 after acquiring an additional 141,127 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on S. Guggenheim reiterated a “buy” rating and set a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. Needham & Company LLC increased their price objective on SentinelOne from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, August 26th. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a report on Wednesday, August 28th. Wedbush increased their price objective on SentinelOne from $20.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, BTIG Research increased their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.83.

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.