Investors Buy Large Volume of SentinelOne Call Options (NYSE:S)

SentinelOne, Inc. (NYSE:S) saw some unusual options trading on Friday. Investors bought 25,015 call options on the stock. Thisrepresentsanincreaseofapproximately155% compared to the typical daily volume of 9,803 call options.

SentinelOne Stock Performance

NYSE:S opened at $18.91 on Friday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of -14.33 and a beta of 0.77. SentinelOne has a 52 week low of $15.36 and a 52 week high of $29.29. The firm has a 50-day moving average price of $17.80 and a two-hundred day moving average price of $18.68.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 15.96%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, sell-side analysts forecast that SentinelOne will post -0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on S. JMP Securities reissued a “market outperform” rating and set a $29.00 price objective on shares of SentinelOne in a research report on Friday. Cantor Fitzgerald reissued an “overweight” rating and set a $24.00 price objective on shares of SentinelOne in a research report on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 price target (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Needham & Company LLC raised their price target on shares of SentinelOne from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of SentinelOne in a research report on Monday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Insiders Place Their Bets

In related news, insider Ric Smith sold 15,163 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $16.68, for a total transaction of $252,918.84. Following the sale, the insider owned 976,056 shares in the company, valued at $16,280,614.08. This represents a 1.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 31,916 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $552,465.96. Following the sale, the chief executive officer owned 1,500,460 shares in the company, valued at approximately $25,972,962.60. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,730 shares of company stock worth $2,366,017 in the last quarter. 4.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. CENTRAL TRUST Co purchased a new stake in SentinelOne in the 1st quarter valued at about $26,000. Atlantic Union Bankshares Corp purchased a new stake in SentinelOne in the 2nd quarter valued at about $29,000. Parallel Advisors LLC increased its stake in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock valued at $35,000 after buying an additional 942 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock worth $35,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.