SentinelOne, Inc. (NYSE:S – Get Free Report) CEO Tomer Weingarten sold 114,890 shares of SentinelOne stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $19.89, for a total value of $2,285,162.10. Following the transaction, the chief executive officer directly owned 1,744,878 shares in the company, valued at approximately $34,705,623.42. The trade was a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tomer Weingarten also recently made the following trade(s):
- On Tuesday, September 8th, Tomer Weingarten sold 38,759 shares of SentinelOne stock. The stock was sold at an average price of $19.79, for a total value of $767,040.61.
- On Thursday, August 6th, Tomer Weingarten sold 53,811 shares of SentinelOne stock. The shares were sold at an average price of $20.08, for a total value of $1,080,524.88.
- On Friday, July 31st, Tomer Weingarten sold 57,941 shares of SentinelOne stock. The shares were sold at an average price of $18.75, for a total value of $1,086,393.75.
- On Wednesday, July 1st, Tomer Weingarten sold 57,941 shares of SentinelOne stock. The stock was sold at an average price of $17.71, for a total transaction of $1,026,135.11.
SentinelOne Stock Performance
S traded up $0.88 during mid-day trading on Tuesday, reaching $23.48. 9,971,371 shares of the stock were exchanged, compared to its average volume of 8,090,094. SentinelOne, Inc. has a 1 year low of $11.81 and a 1 year high of $23.95. The stock has a market capitalization of $8.17 billion, a PE ratio of -23.25 and a beta of 0.77. The company has a 50 day moving average price of $20.18 and a two-hundred day moving average price of $16.85.
Institutional Trading of SentinelOne
A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in SentinelOne by 17.6% in the first quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock valued at $32,457,000 after acquiring an additional 377,542 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $35,781,000. Swedbank AB raised its holdings in shares of SentinelOne by 8.0% in the 4th quarter. Swedbank AB now owns 3,809,314 shares of the company’s stock worth $57,140,000 after purchasing an additional 280,587 shares during the period. ING Groep NV bought a new stake in shares of SentinelOne in the 4th quarter worth approximately $5,202,000. Finally, California State Teachers Retirement System raised its holdings in shares of SentinelOne by 23.2% in the 1st quarter. California State Teachers Retirement System now owns 358,173 shares of the company’s stock worth $4,613,000 after purchasing an additional 67,373 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. TD Cowen boosted their target price on SentinelOne from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Sanford C. Bernstein upped their target price on SentinelOne from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Scotiabank reaffirmed an “outperform” rating on shares of SentinelOne in a research report on Friday, August 28th. Finally, Jefferies Financial Group set a $26.00 price target on SentinelOne in a report on Friday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.50.
Read Our Latest Analysis on SentinelOne
About SentinelOne
SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.
The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.
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