SentinelOne (NYSE:S) Stock Price Up 2.5% – What’s Next?

SentinelOne, Inc. (NYSE:S) shares traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $14.23 and last traded at $14.15. 6,476,332 shares were traded during trading, a decline of 13% from the average session volume of 7,419,532 shares. The stock had previously closed at $13.80.

Analyst Ratings Changes

A number of analysts have recently commented on S shares. DA Davidson reduced their price target on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Bank of America decreased their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Westpark Capital restated a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, December 5th. JPMorgan Chase & Co. cut their price objective on SentinelOne from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Cantor Fitzgerald lowered their target price on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.90.

SentinelOne Trading Up 0.7%

The firm has a market capitalization of $4.86 billion, a PE ratio of -11.44 and a beta of 0.77. The firm’s fifty day moving average price is $15.12 and its 200 day moving average price is $16.81.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.25) earnings per share. On average, analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Robin Tomasello sold 8,509 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the transaction, the chief accounting officer owned 285,551 shares in the company, valued at $4,163,333.58. This represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ana G. Pinczuk sold 11,900 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total value of $176,358.00. Following the completion of the transaction, the insider directly owned 560,589 shares of the company’s stock, valued at approximately $8,307,928.98. This represents a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 361,394 shares of company stock valued at $5,558,207. Insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in SentinelOne by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after buying an additional 2,191,321 shares during the period. First Trust Advisors LP raised its stake in shares of SentinelOne by 20.0% in the 2nd quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after acquiring an additional 1,589,845 shares during the period. Legal & General Group Plc lifted its holdings in shares of SentinelOne by 16.0% in the 3rd quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock worth $144,505,000 after acquiring an additional 1,132,121 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of SentinelOne by 24.9% in the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock worth $129,209,000 after acquiring an additional 1,407,764 shares during the last quarter. Finally, State Street Corp boosted its position in shares of SentinelOne by 4.7% during the 2nd quarter. State Street Corp now owns 5,615,912 shares of the company’s stock worth $102,659,000 after purchasing an additional 251,076 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.