SentinelOne (NYSE:S) Trading Up 2.5% – Here’s Why

SentinelOne, Inc. (NYSE:S)’s share price was up 2.5% on Thursday . The company traded as high as $14.23 and last traded at $14.15. Approximately 6,476,332 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 7,419,532 shares. The stock had previously closed at $13.80.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on S. JPMorgan Chase & Co. dropped their price objective on shares of SentinelOne from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Citigroup lowered their price target on SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Berenberg Bank assumed coverage on SentinelOne in a report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price target for the company. JMP Securities set a $23.00 price objective on SentinelOne in a report on Friday, December 5th. Finally, Morgan Stanley lowered their price objective on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $21.90.

SentinelOne Price Performance

The stock’s 50-day moving average price is $15.22 and its 200-day moving average price is $16.85. The company has a market cap of $4.81 billion, a P/E ratio of -11.32 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (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 analysts’ expectations 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 period in the previous year, the company posted ($0.25) earnings per share. As a group, analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 8,509 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $14.58, for a total transaction of $124,061.22. Following the transaction, the chief accounting officer directly owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. This represents a 2.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark S. Peek bought 40,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $14.89 per share, with a total value of $595,600.00. Following the completion of the transaction, the director owned 120,000 shares of the company’s stock, valued at $1,786,800. This represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 361,394 shares of company stock valued at $5,558,207 over the last quarter. 4.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Woodline Partners LP bought a new stake in shares of SentinelOne in the 1st quarter worth approximately $382,000. Focus Partners Wealth bought a new stake in shares of SentinelOne during the first quarter valued at approximately $346,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SentinelOne by 36.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 32,169 shares of the company’s stock valued at $594,000 after buying an additional 8,552 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in SentinelOne by 19.7% in the second quarter. Farther Finance Advisors LLC now owns 17,796 shares of the company’s stock worth $325,000 after purchasing an additional 2,935 shares during the period. Finally, DB Fitzpatrick & Co Inc increased its position in SentinelOne by 3.8% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 24,944 shares of the company’s stock valued at $456,000 after buying an additional 923 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

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.