SentinelOne (NYSE:S) CFO Sells $165,583.86 in Stock

SentinelOne, Inc. (NYSE:S) CFO Barbara Larson sold 11,173 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares in the company, valued at $7,993,493.04. This represents a 2.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

SentinelOne Trading Down 1.3%

Shares of SentinelOne stock opened at $15.13 on Friday. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of -12.10 and a beta of 0.77. SentinelOne, Inc. has a twelve month low of $14.43 and a twelve month high of $25.24. The business’s 50 day simple moving average is $15.68 and its 200-day simple moving average is $17.08.

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

Institutional Trading of SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SentinelOne by 6.5% during the third 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 in the last quarter. First Trust Advisors LP lifted its holdings in 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 last quarter. Legal & General Group Plc lifted its holdings in SentinelOne by 16.0% in the 3rd quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock valued at $144,505,000 after acquiring an additional 1,132,121 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of SentinelOne by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock valued at $146,841,000 after purchasing an additional 229,230 shares in the last quarter. Finally, Eminence Capital LP grew its stake 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 purchasing an additional 1,407,764 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on S shares. Westpark Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of SentinelOne in a report on Friday, December 5th. TD Cowen cut their target price on SentinelOne from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. UBS Group raised SentinelOne from a “hold” rating to an “overweight” rating in a research note on Monday, January 5th. Bank of America cut their price objective on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, Canaccord Genuity Group reduced their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.33.

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.