SentinelOne (NYSE:S) Shares Break Above 50 Day Moving Average – Should You Sell?

SentinelOne, Inc. (NYSE:S – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $23.12 and traded as high as $23.68. SentinelOne shares last traded at $23.4870, with a volume of 7,679,086 shares trading hands.

Analyst Ratings Changes

S has been the topic of a number of research reports. Robert W. Baird increased their price objective on SentinelOne from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Wedbush lifted their target price on SentinelOne from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. TD Cowen lifted their target price on SentinelOne from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Morgan Stanley upped their target price on SentinelOne from $17.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SentinelOne in a report on Monday, October 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and an average target price of $24.61.

Check Out Our Latest Stock Report on S

SentinelOne Trading Up 7.9%

The stock has a market capitalization of $8.17 billion, a PE ratio of -23.25 and a beta of 0.59. The firm’s fifty day moving average price is $23.12 and its two-hundred day moving average price is $17.88.

SentinelOne (NYSE:S – Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The firm had revenue of $291.98 million during the quarter, compared to analysts’ expectations of $290.24 million. During the same period in the previous year, the business posted ($0.22) EPS. The business’s revenue was up 20.6% compared to the same quarter last year. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, sell-side analysts anticipate that SentinelOne, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Robin Tomasello sold 21,440 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $19.67, for a total transaction of $421,724.80. Following the sale, the chief accounting officer directly owned 418,423 shares of the company’s stock, valued at $8,230,380.41. This represents a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tomer Weingarten sold 527,368 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $25.26, for a total value of $13,321,315.68. Following the sale, the chief executive officer owned 1,717,510 shares in the company, valued at $43,384,302.60. This trade represents a 23.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 755,582 shares of company stock valued at $18,023,238 in the last ninety days. Company insiders own 4.27% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in SentinelOne by 17.6% in the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock worth $32,457,000 after acquiring an additional 377,542 shares in the last quarter. Wellington Management Group LLP raised its position in SentinelOne by 216.0% during the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock worth $85,110,000 after acquiring an additional 3,428,192 shares during the period. California State Teachers Retirement System lifted its holdings in SentinelOne by 23.2% during the first quarter. California State Teachers Retirement System now owns 358,173 shares of the company’s stock valued at $4,613,000 after purchasing an additional 67,373 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in SentinelOne by 72.2% during the second quarter. Moody National Bank Trust Division now owns 136,518 shares of the company’s stock valued at $2,317,000 after purchasing an additional 57,261 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in SentinelOne by 1,427.5% during the second quarter. Squarepoint Ops LLC now owns 856,528 shares of the company’s stock valued at $14,535,000 after purchasing an additional 800,455 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

(Get Free Report)

SentinelOne, Inc is a cybersecurity company that develops software to help organizations detect, prevent and respond to cyber threats. Its Singularity platform uses artificial intelligence and automation to protect endpoints, cloud workloads and identities, and to support security operations.

The platform includes endpoint protection and detection, cloud security, threat hunting and incident response capabilities. SentinelOne also offers security information and event management tools and Purple AI, which helps security teams investigate threats using natural-language queries.

Founded in 2013, SentinelOne serves businesses and other organizations internationally.

Further Reading

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