SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten Sells 60,864 Shares

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $19.17, for a total transaction of $1,166,762.88. Following the completion of the sale, the chief executive officer now owns 920,297 shares of the company’s stock, valued at approximately $17,642,093.49. This trade represents a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, March 19th, Tomer Weingarten sold 81,619 shares of SentinelOne stock. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21.
• On Thursday, March 6th, Tomer Weingarten sold 39,477 shares of SentinelOne stock. The shares were sold at an average price of $19.55, for a total value of $771,775.35.
• On Tuesday, February 11th, Tomer Weingarten sold 70,642 shares of SentinelOne stock. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24.
• On Thursday, February 6th, Tomer Weingarten sold 10,178 shares of SentinelOne stock. The shares were sold at an average price of $23.95, for a total value of $243,763.10.
• On Tuesday, January 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28.

SentinelOne Trading Down 2.6 %

S opened at $19.33 on Friday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -20.57 and a beta of 0.78. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The business has a 50 day moving average of $21.78 and a 200-day moving average of $23.73.

Analysts Set New Price Targets

S has been the topic of a number of recent research reports. Citigroup dropped their target price on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Sanford C. Bernstein lowered their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Piper Sandler cut their price objective on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Barclays reduced their target price on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Finally, Guggenheim restated a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Institutional Trading of SentinelOne

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of SentinelOne by 27.9% in the fourth quarter. Wellington Management Group LLP now owns 1,443,286 shares of the company’s stock valued at $32,041,000 after buying an additional 314,506 shares during the period. California State Teachers Retirement System lifted its position in shares of SentinelOne by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 259,147 shares of the company’s stock worth $5,753,000 after acquiring an additional 1,210 shares during the period. Sylebra Capital LLC lifted its position in shares of SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after acquiring an additional 564,327 shares during the period. Brooklyn FI LLC grew its holdings in shares of SentinelOne by 1,688.9% during the 4th quarter. Brooklyn FI LLC now owns 161,000 shares of the company’s stock worth $3,574,000 after purchasing an additional 152,000 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $97,000. 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.