SentinelOne (NYSE:S) Shares Gap Down – Time to Sell?

SentinelOne, Inc. (NYSE:S)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $27.36, but opened at $26.56. SentinelOne shares last traded at $26.57, with a volume of 419,014 shares changing hands.

Wall Street Analyst Weigh In

S has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a report on Wednesday, August 28th. Citigroup increased their price target on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Barclays boosted their price target on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Scotiabank increased their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Finally, Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Stock Down 4.6 %

The firm has a 50-day moving average price of $25.12 and a two-hundred day moving average price of $22.55. The firm has a market cap of $8.28 billion, a PE ratio of -28.08 and a beta of 0.65.

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

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total value of $335,286.16. Following the transaction, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,125 shares of company stock worth $10,367,734 in the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several institutional investors have recently added to or reduced their stakes in S. Waldron Private Wealth LLC acquired a new position in SentinelOne in the 3rd quarter valued at about $26,000. Blue Trust Inc. acquired a new position in shares of SentinelOne in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in SentinelOne during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds 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.