SentinelOne Sees Unusually Large Options Volume (NYSE:S)

SentinelOne, Inc. (NYSE:S) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 27,024 call options on the stock. This is an increase of 103% compared to the average volume of 13,337 call options.

Wall Street Analyst Weigh In

S has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. UBS Group downgraded SentinelOne from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group lowered their price target on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a research report on Monday, December 29th. Finally, Berenberg Bank started coverage on shares of SentinelOne in a research report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.53.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 125,429 shares of the 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 owned 1,093,108 shares in the company, valued at approximately $16,494,999.72. This represents a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robin Tomasello sold 8,509 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was 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 directly owned 285,551 shares in the company, valued at $4,163,333.58. This trade represents a 2.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 331,694 shares of company stock valued at $4,849,673 in the last ninety days. 4.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its stake in shares of SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC purchased a new stake in SentinelOne during the 3rd quarter worth about $26,000. Danske Bank A S acquired a new stake in SentinelOne in the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of SentinelOne in the 2nd quarter valued at about $29,000. Finally, Assetmark Inc. boosted its stake in shares of SentinelOne by 700.8% in the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after buying an additional 1,668 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

NYSE S opened at $12.75 on Wednesday. The company has a market cap of $4.33 billion, a P/E ratio of -10.20 and a beta of 0.77. The stock has a 50-day moving average of $14.21 and a two-hundred day moving average of $16.07. SentinelOne has a 1-year low of $12.23 and a 1-year high of $21.75.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.25) earnings per share. On average, analysts anticipate that SentinelOne will post -0.76 EPS for the current fiscal year.

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.