SentinelOne, Inc. (NYSE:S) Insider Sells $202,853.16 in Stock

SentinelOne, Inc. (NYSE:S) insider Keenan Michael Conder sold 11,097 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the transaction, the insider now directly owns 596,332 shares in the company, valued at $10,900,948.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SentinelOne Stock Performance

SentinelOne stock opened at $17.91 on Friday. The stock has a market cap of $5.90 billion, a PE ratio of -19.05 and a beta of 0.77. The stock has a 50-day moving average of $18.43 and a two-hundred day moving average of $20.99. SentinelOne, Inc. has a one year low of $15.36 and a one year high of $29.29.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue was up 22.9% compared to the same quarter last year. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its position in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after buying an additional 4,206,900 shares during the last quarter. Norges Bank acquired a new stake in shares of SentinelOne in the fourth quarter worth $73,528,000. Point72 Asset Management L.P. purchased a new position in shares of SentinelOne during the fourth quarter worth $63,120,000. Massachusetts Financial Services Co. MA lifted its position in SentinelOne by 92.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock valued at $96,898,000 after purchasing an additional 2,558,702 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in SentinelOne by 131.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock valued at $79,532,000 after purchasing an additional 2,483,136 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on S. UBS Group dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Robert W. Baird lowered their price target on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Piper Sandler dropped their price objective on SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Bank of America reaffirmed a “neutral” rating and set a $21.00 target price on shares of SentinelOne in a research report on Thursday, May 29th. Finally, DA Davidson dropped their price target on SentinelOne from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.83.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.