SentinelOne (NYSE:S) Reaches New 1-Year Low Following Insider Selling

SentinelOne, Inc. (NYSE:S)’s share price hit a new 52-week low during mid-day trading on Monday following insider selling activity. The stock traded as low as $12.54 and last traded at $12.4950, with a volume of 5652276 shares changing hands. The stock had previously closed at $13.22.

Specifically, CAO Robin Tomasello sold 2,975 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $39,121.25. Following the transaction, the chief accounting officer directly owned 411,034 shares of the company’s stock, valued at approximately $5,405,097.10. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keenan Michael Conder sold 4,237 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the completion of the sale, the insider directly owned 562,362 shares of the company’s stock, valued at $7,395,060.30. This trade represents a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO Tomer Weingarten sold 23,063 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $303,278.45. Following the transaction, the chief executive officer directly owned 1,122,545 shares of the company’s stock, valued at $14,761,466.75. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

A number of analysts have commented on S shares. Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a research note on Monday, December 29th. 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. Citigroup lowered their target price on shares of SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Cantor Fitzgerald dropped their price target on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Finally, The Goldman Sachs Group dropped their price objective on SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.72.

SentinelOne Stock Down 0.5%

The firm has a 50-day simple moving average of $14.67 and a 200-day simple moving average of $16.44. The stock has a market cap of $4.47 billion, a PE ratio of -10.52 and a beta of 0.77.

SentinelOne (NYSE:S) last released its quarterly earnings data 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. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period in the previous year, the company posted ($0.25) EPS. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of S. Caprock Group LLC grew its stake in SentinelOne by 2,275.2% during the fourth quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock valued at $116,242,000 after acquiring an additional 7,423,177 shares in the last quarter. Norges Bank purchased a new position in shares of SentinelOne during the 2nd quarter valued at $65,371,000. Diamond Hill Capital Management Inc. bought a new position in shares of SentinelOne in the fourth quarter worth $35,781,000. Cooper Creek Partners Management LLC purchased a new stake in shares of SentinelOne in the third quarter worth $41,416,000. Finally, 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 during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.