Ric Smith Sells 14,583 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the sale, the insider now owns 531,459 shares of the company’s stock, valued at $12,377,680.11. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ric Smith also recently made the following trade(s):

• On Thursday, December 26th, Ric Smith sold 14,583 shares of SentinelOne stock. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25.
• On Tuesday, December 10th, Ric Smith sold 41,170 shares of SentinelOne stock. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60.
• On Wednesday, November 6th, Ric Smith sold 3,135 shares of SentinelOne stock. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75.

SentinelOne Trading Up 4.8 %

NYSE S traded up $1.11 during trading hours on Tuesday, hitting $24.38. The company’s stock had a trading volume of 5,826,845 shares, compared to its average volume of 4,069,652. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market capitalization of $7.84 billion, a PE ratio of -25.94 and a beta of 0.74. The company’s 50-day simple moving average is $24.06 and its two-hundred day simple moving average is $24.11.

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

Institutional Trading of SentinelOne

Hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC boosted its stake in SentinelOne by 4.0% during the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares in the last quarter. Bullseye Asset Management LLC boosted its stake in SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after acquiring an additional 1,000 shares in the last quarter. MetLife Investment Management LLC boosted its stake in SentinelOne by 17.4% during the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after acquiring an additional 1,012 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in SentinelOne during the third quarter worth about $26,000. Finally, Principal Financial Group Inc. boosted its stake in SentinelOne by 6.4% during the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after acquiring an additional 1,111 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. UBS Group downgraded shares of SentinelOne from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and upped their price target for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Cantor Fitzgerald began coverage on shares of SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.56.

SentinelOne Company Profile

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.