Insider Selling: SentinelOne, Inc. (NYSE:S) CFO Sells $240,150.80 in Stock

SentinelOne, Inc. (NYSE:S) CFO David J. Bernhardt sold 11,222 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the sale, the chief financial officer now directly owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SentinelOne Price Performance

SentinelOne stock opened at $22.68 on Monday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The business has a fifty day moving average price of $22.43 and a 200-day moving average price of $21.85. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of -22.24 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter last year, the company earned ($0.26) earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

S has been the subject of a number of research analyst reports. Baird R W raised SentinelOne to a “strong-buy” rating in a research note on Monday, July 15th. Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and lowered their target price for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. Westpark Capital restated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a report on Monday, August 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday. Finally, Citigroup upped their target price on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of SentinelOne in the fourth quarter worth about $228,872,000. Eminence Capital LP increased its holdings in SentinelOne by 89.7% in the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock worth $149,130,000 after buying an additional 2,569,781 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in SentinelOne during the 2nd quarter worth approximately $36,237,000. Vanguard Group Inc. lifted its stake in SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after acquiring an additional 1,694,407 shares during the period. Finally, AXA S.A. purchased a new stake in shares of SentinelOne in the 2nd quarter valued at $20,082,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.