SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten Sells 10,165 Shares

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 10,165 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $216,107.90. Following the sale, the chief executive officer now directly owns 1,274,957 shares in the company, valued at approximately $27,105,585.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, April 11th, Tomer Weingarten sold 47,365 shares of SentinelOne stock. The stock was sold at an average price of $22.28, for a total value of $1,055,292.20.
• On Tuesday, April 9th, Tomer Weingarten sold 47,365 shares of SentinelOne stock. The stock was sold at an average price of $22.57, for a total value of $1,069,028.05.
• On Wednesday, March 6th, Tomer Weingarten sold 69,427 shares of SentinelOne stock. The stock was sold at an average price of $27.09, for a total value of $1,880,777.43.
• On Thursday, February 8th, Tomer Weingarten sold 47,365 shares of SentinelOne stock. The stock was sold at an average price of $28.97, for a total value of $1,372,164.05.

SentinelOne Price Performance

S traded down $0.72 during trading on Wednesday, hitting $20.96. The stock had a trading volume of 4,176,783 shares, compared to its average volume of 5,523,666. The company has a 50 day moving average price of $23.18 and a 200-day moving average price of $23.21. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of -18.07 and a beta of 0.69. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) EPS. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in SentinelOne by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 23,464,580 shares of the company’s stock worth $643,868,000 after purchasing an additional 482,345 shares in the last quarter. First Trust Advisors LP increased its holdings in SentinelOne by 1.6% in the 4th quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock worth $284,642,000 after purchasing an additional 162,846 shares in the last quarter. Norges Bank acquired a new position in SentinelOne in the 4th quarter worth about $228,872,000. Legal & General Group Plc increased its holdings in SentinelOne by 9.1% in the 3rd quarter. Legal & General Group Plc now owns 7,021,945 shares of the company’s stock worth $118,390,000 after purchasing an additional 584,079 shares in the last quarter. Finally, Eminence Capital LP increased its stake in shares of SentinelOne by 89.7% in the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after buying an additional 2,569,781 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on S. DA Davidson lifted their target price on SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Morgan Stanley lifted their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Wedbush lifted their target price on SentinelOne from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. BTIG Research raised SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, January 22nd. Finally, Sanford C. Bernstein lifted their target price on SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.08.

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.