Stock Traders Buy High Volume of SentinelOne Call Options (NYSE:S)

SentinelOne, Inc. (NYSE:S) saw unusually large options trading activity on Wednesday. Traders acquired 14,061 call options on the company. This represents an increase of approximately 54% compared to the average volume of 9,117 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Needham & Company LLC assumed coverage on shares of SentinelOne in a research report on Thursday, October 17th. They set a “buy” rating and a $32.00 target price for the company. Loop Capital increased their target price on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley reissued an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a research report on Monday. Finally, Sanford C. Bernstein reduced their target price on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Stock Up 4.0 %

Shares of SentinelOne stock opened at $28.67 on Thursday. The firm has a market cap of $9.09 billion, a PE ratio of -29.62 and a beta of 0.67. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The company’s fifty day simple moving average is $26.16 and its two-hundred day simple moving average is $23.08.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The firm had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the business earned ($0.21) EPS. As a group, sell-side analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 23,567 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.89, for a total value of $515,881.63. Following the completion of the sale, the insider now owns 585,647 shares in the company, valued at approximately $12,819,812.83. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,541 shares of company stock worth $10,032,448 in the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Large investors have recently modified their holdings of the stock. Sylebra Capital LLC boosted its stake in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Eminence Capital LP boosted its stake in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after acquiring an additional 1,337,145 shares in the last quarter. State Street Corp boosted its stake in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares in the last quarter. Geode Capital Management LLC boosted its stake in SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after acquiring an additional 355,944 shares in the last quarter. Finally, Atreides Management LP boosted its stake in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring an additional 2,200,594 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.