SentinelOne (NYSE:S) Sets New 12-Month Low on Insider Selling

SentinelOne, Inc. (NYSE:S) shares reached a new 52-week low on Monday after an insider sold shares in the company. The stock traded as low as $12.54 and last traded at $12.4950, with a volume of 5652276 shares changing hands. The stock had previously closed at $13.22.

Specifically, CAO Robin Tomasello sold 2,975 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $39,121.25. Following the completion of the transaction, the chief accounting officer owned 411,034 shares in the company, valued at $5,405,097.10. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Keenan Michael Conder sold 4,237 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $55,716.55. Following the completion of the sale, the insider owned 562,362 shares in the company, valued at $7,395,060.30. This represents a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, CEO Tomer Weingarten sold 23,063 shares of SentinelOne stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $13.15, for a total value of $303,278.45. Following the completion of the transaction, the chief executive officer owned 1,122,545 shares in the company, valued at approximately $14,761,466.75. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

S has been the subject of several analyst reports. Westpark Capital restated a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target (down from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. Oppenheimer lowered their target price on shares of SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. The Goldman Sachs Group reduced their price target on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, Citigroup dropped their target price on shares of SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.72.

SentinelOne Stock Performance

The company has a market cap of $4.31 billion, a PE ratio of -10.01 and a beta of 0.77. The stock has a 50 day moving average of $14.73 and a 200-day moving average of $16.48.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period in the previous year, the company posted ($0.25) earnings per share. SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. Equities research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares in the last quarter. Strategic Advocates LLC purchased a new position in SentinelOne in the third quarter valued at approximately $26,000. Danske Bank A S acquired a new position in SentinelOne during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in shares of SentinelOne in the second quarter worth about $29,000. Finally, Assetmark Inc. boosted its stake in SentinelOne by 700.8% during the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after acquiring an additional 1,668 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.