SentinelOne, Inc. (NYSE:S) CAO Sells $124,689.90 in Stock

SentinelOne, Inc. (NYSE:S) CAO Robin Tomasello sold 6,378 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the transaction, the chief accounting officer now directly owns 230,685 shares of the company’s stock, valued at $4,509,891.75. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

SentinelOne Price Performance

Shares of NYSE S opened at $19.84 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of -21.10 and a beta of 0.78. The company has a 50-day moving average price of $22.65 and a 200-day moving average price of $24.19. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) earnings per share. As a group, equities research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. KBC Group NV grew its holdings in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after buying an additional 58,000 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of SentinelOne during the third quarter valued at about $4,816,000. Charles Schwab Investment Management Inc. lifted its position in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after purchasing an additional 921,572 shares in the last quarter. Carnegie Investment Counsel bought a new position in shares of SentinelOne during the fourth quarter valued at about $7,167,000. Finally, Banco Santander S.A. bought a new position in shares of SentinelOne during the third quarter valued at about $5,002,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on S. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Scotiabank raised their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.48.

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.