SentinelOne Sees Unusually Large Options Volume (NYSE:S)

SentinelOne, Inc. (NYSE:S) was the recipient of unusually large options trading activity on Monday. Investors bought 24,562 call options on the stock. This represents an increase of approximately 93% compared to the average volume of 12,720 call options.

SentinelOne Stock Down 0.5%

Shares of S opened at $13.15 on Tuesday. The stock’s fifty day simple moving average is $14.67 and its 200-day simple moving average is $16.44. The firm has a market capitalization of $4.47 billion, a PE ratio of -10.52 and a beta of 0.77. SentinelOne has a 12-month low of $12.43 and a 12-month high of $25.24.

SentinelOne (NYSE:S) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.25) EPS. Analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,509 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $4,163,333.58. The trade was a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 125,429 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.09, for a total value of $1,892,723.61. Following the completion of the sale, the chief executive officer directly owned 1,093,108 shares in the company, valued at approximately $16,494,999.72. This represents a 10.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 292,222 shares of company stock worth $4,317,590. Corporate insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock worth $547,988,000 after purchasing an additional 520,142 shares during the last quarter. First Trust Advisors LP lifted its stake in SentinelOne by 20.0% in the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after buying an additional 1,589,845 shares during the period. Legal & General Group Plc boosted its holdings in SentinelOne by 4.2% during the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company’s stock worth $128,278,000 after buying an additional 346,014 shares during the last quarter. Caprock Group LLC boosted its holdings in SentinelOne by 2,275.2% during the fourth quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock worth $116,242,000 after buying an additional 7,423,177 shares during the last quarter. Finally, Eminence Capital LP grew its position in shares of SentinelOne by 24.9% during the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock worth $129,209,000 after buying an additional 1,407,764 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on S. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. Cantor Fitzgerald lowered their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Bank of America lowered their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of SentinelOne in a research note on Friday, December 5th. Finally, Canaccord Genuity Group dropped their target price on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.