Insider Selling: SentinelOne (NYSE:S) CEO Sells 39,472 Shares of Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 39,472 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $13.48, for a total transaction of $532,082.56. Following the completion of the transaction, the chief executive officer owned 1,083,073 shares in the company, valued at $14,599,824.04. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 6th, Tomer Weingarten sold 23,063 shares of SentinelOne stock. The shares were sold at an average price of $13.15, for a total transaction of $303,278.45.
• On Tuesday, January 6th, Tomer Weingarten sold 51,595 shares of SentinelOne stock. The stock was sold at an average price of $15.12, for a total transaction of $780,116.40.
• 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 transaction 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.

SentinelOne Stock Performance

Shares of SentinelOne stock traded down $0.31 on Thursday, reaching $13.31. 8,227,767 shares of the stock were exchanged, compared to its average volume of 8,590,316. The firm has a market cap of $4.52 billion, a PE ratio of -10.65 and a beta of 0.77. The firm’s 50 day moving average is $14.54 and its 200-day moving average is $16.38. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $25.24.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.25) earnings per share. On average, equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock valued at $547,988,000 after buying an additional 520,142 shares during the period. First Trust Advisors LP lifted its stake in shares of SentinelOne by 20.0% in the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after buying an additional 1,589,845 shares in the last quarter. Legal & General Group Plc increased its position in shares of SentinelOne by 4.2% during the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company’s stock worth $128,278,000 after acquiring an additional 346,014 shares in the last quarter. Caprock Group LLC boosted its stake in SentinelOne by 2,275.2% during the 4th quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock valued at $116,242,000 after purchasing an additional 7,423,177 shares during the last quarter. Finally, Eminence Capital LP increased its holdings in SentinelOne by 24.9% during the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock worth $129,209,000 after purchasing an additional 1,407,764 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

S has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Oppenheimer dropped their target price on SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. UBS Group downgraded SentinelOne from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Citizens Jmp reduced their target price on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating on the stock in a report on Friday, December 5th. Finally, Citigroup dropped their price target on shares of SentinelOne from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $21.72.

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.