Tomer Weingarten Sells 10,178 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 10,178 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $243,763.10. Following the transaction, the chief executive officer now directly owns 949,504 shares in the company, valued at $22,740,620.80. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, January 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28.
• On Friday, December 13th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36.
• On Wednesday, December 11th, Tomer Weingarten sold 82,116 shares of SentinelOne stock. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76.
• On Monday, November 11th, Tomer Weingarten sold 70,655 shares of SentinelOne stock. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65.

SentinelOne Stock Up 0.4 %

SentinelOne stock traded up $0.09 during midday trading on Friday, hitting $23.93. 3,621,216 shares of the stock were exchanged, compared to its average volume of 3,769,604. The stock has a market capitalization of $7.69 billion, a PE ratio of -25.45 and a beta of 0.75. The company has a fifty day simple moving average of $23.41 and a two-hundred day simple moving average of $24.20. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. During the same quarter last year, the company earned ($0.21) earnings per share. The firm’s revenue was up 28.3% compared to the same quarter last year. As a group, equities research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth about $80,604,000. Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Atreides Management LP boosted its holdings in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of SentinelOne in the third quarter valued at $30,972,000. Finally, Raymond James Financial Inc. acquired a new position in SentinelOne during the fourth quarter worth $26,082,000. 90.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on S shares. Citigroup dropped their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Guggenheim reaffirmed a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.56.

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.