SentinelOne (NYSE:S) Sees Unusually-High Trading Volume Following Analyst Upgrade

SentinelOne, Inc. (NYSE:S) shares saw an uptick in trading volume on Thursday after Susquehanna raised their price target on the stock from $28.00 to $30.00. Susquehanna currently has a positive rating on the stock. 8,166,949 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 5,164,057 shares.The stock last traded at $25.85 and had previously closed at $28.68.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Morgan Stanley reiterated an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a research report on Monday. Robert W. Baird increased their target price on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, September 13th. Finally, Westpark Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 23,567 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $21.89, for a total value of $515,881.63. Following the transaction, the insider now directly owns 585,647 shares in the company, valued at approximately $12,819,812.83. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 351,754 shares of company stock valued at $8,532,505. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of S. Waldron Private Wealth LLC bought a new stake in shares of SentinelOne in the 3rd quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC boosted its stake in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the period. Unique Wealth Strategies LLC acquired a new stake in SentinelOne during the 2nd quarter valued at $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in SentinelOne during the 3rd quarter valued at $55,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Down 13.2 %

The firm has a market cap of $7.90 billion, a price-to-earnings ratio of -26.76 and a beta of 0.67. The company has a 50-day moving average price of $26.27 and a 200 day moving average price of $23.13.

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

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.