SentinelOne (NYSE:S) Trading Up 3.2%

SentinelOne, Inc. (NYSE:S – Get Rating) was up 3.2% during trading on Wednesday . The company traded as high as $19.65 and last traded at $19.63. Approximately 3,302,766 shares changed hands during trading, a decline of 45% from the average daily volume of 5,952,352 shares. The stock had previously closed at $19.02.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on S. Guggenheim reaffirmed a “buy” rating and set a $18.00 price objective on shares of SentinelOne in a report on Wednesday, March 15th. Westpark Capital increased their price objective on shares of SentinelOne from $20.00 to $25.00 in a report on Friday, April 14th. Wells Fargo & Company dropped their price objective on shares of SentinelOne from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, March 15th. Wedbush increased their price objective on shares of SentinelOne from $19.00 to $22.00 in a report on Wednesday, March 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of SentinelOne in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.16.

SentinelOne Stock Performance

The stock has a 50-day moving average price of $16.94 and a 200 day moving average price of $15.82.

SentinelOne (NYSE:S – Get Rating) last released its quarterly earnings results on Tuesday, March 14th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. SentinelOne had a negative net margin of 89.70% and a negative return on equity of 21.15%. The firm had revenue of $126.10 million during the quarter, compared to the consensus estimate of $124.69 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. The company’s revenue for the quarter was up 92.1% on a year-over-year basis. Analysts predict that SentinelOne, Inc. will post -1.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 1,744 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $16.57, for a total transaction of $28,898.08. Following the completion of the sale, the chief accounting officer now directly owns 162,598 shares in the company, valued at $2,694,248.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other SentinelOne news, CAO Robin Tomasello sold 1,744 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $16.57, for a total transaction of $28,898.08. Following the completion of the sale, the chief accounting officer now owns 162,598 shares of the company’s stock, valued at $2,694,248.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 10,061 shares of SentinelOne stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $17.94, for a total value of $180,494.34. Following the completion of the sale, the chief executive officer now owns 912,491 shares in the company, valued at approximately $16,370,088.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 360,785 shares of company stock worth $5,854,733. 5.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of SentinelOne by 20.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company’s stock worth $335,000 after purchasing an additional 1,439 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of SentinelOne during the first quarter worth about $286,000. Bank of New York Mellon Corp grew its position in shares of SentinelOne by 547.1% during the first quarter. Bank of New York Mellon Corp now owns 478,107 shares of the company’s stock worth $18,521,000 after buying an additional 404,220 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in shares of SentinelOne during the first quarter worth about $212,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of SentinelOne during the first quarter worth about $108,000. 79.18% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.