Insider Selling: SentinelOne (NYSE:S) CEO Sells $780,116.40 in Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 51,595 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $15.12, for a total value of $780,116.40. Following the transaction, the chief executive officer owned 1,145,608 shares in the company, valued at $17,321,592.96. The trade was a 4.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tomer Weingarten also recently made the following trade(s):

• On Friday, January 2nd, Tomer Weingarten sold 6,346 shares of SentinelOne stock. The shares were sold at an average price of $15.04, for a total value of $95,443.84.
• On Thursday, December 11th, Tomer Weingarten sold 125,429 shares of SentinelOne stock. The shares were sold at an average price of $15.09, for a total value of $1,892,723.61.
• On Monday, December 8th, Tomer Weingarten sold 38,684 shares of SentinelOne stock. The shares were sold at an average price of $14.58, for a total transaction of $564,012.72.
• On Thursday, November 6th, Tomer Weingarten sold 90,100 shares of SentinelOne stock. The shares were sold at an average price of $16.47, for a total value of $1,483,947.00.

SentinelOne Trading Down 1.5%

Shares of S stock opened at $15.30 on Friday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of -12.24 and a beta of 0.77. SentinelOne, Inc. has a 1-year low of $14.43 and a 1-year high of $25.24. The stock has a 50-day moving average of $15.74 and a 200-day moving average of $17.10.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.25) EPS. Sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. Allworth Financial LP boosted its position in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares during the last quarter. Strategic Advocates LLC purchased a new stake in SentinelOne in the third quarter worth about $26,000. Danske Bank A S bought a new stake in SentinelOne during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new stake in shares of SentinelOne during the 2nd quarter valued at $29,000. Finally, MAI Capital Management raised its holdings in SentinelOne by 121.2% during the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the period. 90.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective (down previously from $20.00) on shares of SentinelOne in a research note on Sunday. Berenberg Bank assumed coverage on SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective for the company. Bank of America cut their price objective on SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Cantor Fitzgerald lowered their target price on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Finally, TD Cowen lowered their price objective on shares of SentinelOne from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.