Insider Selling: SentinelOne (NYSE:S) CEO Sells $303,278.45 in Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 23,063 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $303,278.45. Following the transaction, the chief executive officer directly owned 1,122,545 shares in the company, valued at $14,761,466.75. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 6th, Tomer Weingarten sold 51,595 shares of SentinelOne stock. The stock was sold at an average price of $15.12, for a total value of $780,116.40.
• On Friday, January 2nd, Tomer Weingarten sold 6,346 shares of SentinelOne stock. The shares were sold at an average price of $15.04, for a total value of $95,443.84.
• On Thursday, December 11th, Tomer Weingarten sold 125,429 shares of SentinelOne stock. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61.
• On Monday, December 8th, Tomer Weingarten sold 38,684 shares of SentinelOne stock. The shares were sold at an average price of $14.58, for a total value of $564,012.72.

SentinelOne Stock Up 2.2%

NYSE S opened at $13.22 on Monday. The company has a 50-day moving average price of $14.73 and a 200-day moving average price of $16.48. SentinelOne, Inc. has a 52 week low of $12.64 and a 52 week high of $25.24. The firm has a market capitalization of $4.49 billion, a P/E ratio of -10.58 and a beta of 0.77.

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

Hedge Funds Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its holdings in SentinelOne by 25.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after acquiring an additional 692 shares during the last quarter. Allworth Financial LP grew its position in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 726 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of SentinelOne by 3.5% during the fourth quarter. Diversify Advisory Services LLC now owns 22,492 shares of the company’s stock valued at $313,000 after purchasing an additional 753 shares in the last quarter. Mission Creek Capital Partners Inc. increased its holdings in shares of SentinelOne by 1.7% in the second quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock worth $840,000 after purchasing an additional 760 shares during the last quarter. Finally, Main Management ETF Advisors LLC lifted its position in shares of SentinelOne by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock worth $857,000 after buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on S. Oppenheimer cut their price target on SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Citigroup cut their price objective on SentinelOne from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Piper Sandler reissued a “neutral” rating and issued a $17.00 target price (down from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. DA Davidson lowered their price target on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of SentinelOne from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.72.

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.