SentinelOne Sees Unusually High Options Volume (NYSE:S)

SentinelOne, Inc. (NYSE:S) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 27,024 call options on the company. This represents an increase of approximately 103% compared to the typical volume of 13,337 call options.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on S. Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. Berenberg Bank initiated coverage on shares of SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target on the stock. Piper Sandler restated a “neutral” rating and issued a $17.00 price objective (down previously from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. Rosenblatt Securities reissued a “buy” rating and issued a $24.00 price target on shares of SentinelOne in a research note on Friday, December 5th. Finally, Cantor Fitzgerald dropped their price target on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $21.53.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 125,429 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the sale, the chief executive officer owned 1,093,108 shares in the company, valued at $16,494,999.72. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark S. Peek bought 40,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of $14.89 per share, for a total transaction of $595,600.00. Following the completion of the purchase, the director directly owned 120,000 shares in the company, valued at approximately $1,786,800. The trade was a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 331,694 shares of company stock worth $4,849,673. 4.33% of the stock is owned by insiders.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently made changes to their positions in S. Virtu Financial LLC boosted its holdings in SentinelOne by 347.1% in the fourth quarter. Virtu Financial LLC now owns 80,886 shares of the company’s stock valued at $1,213,000 after acquiring an additional 62,795 shares in the last quarter. Sunbelt Securities Inc. raised its stake in SentinelOne by 50.3% in the fourth quarter. Sunbelt Securities Inc. now owns 23,615 shares of the company’s stock worth $354,000 after buying an additional 7,898 shares in the last quarter. Compound Planning Inc. purchased a new stake in SentinelOne in the fourth quarter worth about $167,000. Invesco Ltd. boosted its position in SentinelOne by 12.1% during the 4th quarter. Invesco Ltd. now owns 401,396 shares of the company’s stock valued at $6,021,000 after acquiring an additional 43,241 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of SentinelOne by 97.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 113,021 shares of the company’s stock worth $1,680,000 after acquiring an additional 55,798 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 4.1%

Shares of SentinelOne stock traded up $0.51 during trading on Tuesday, reaching $12.88. The stock had a trading volume of 3,015,149 shares, compared to its average volume of 8,090,888. The stock has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $16.10. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -10.32 and a beta of 0.77. SentinelOne has a 52 week low of $12.23 and a 52 week high of $21.75.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The business’s quarterly revenue was up 22.9% on a year-over-year basis. On average, equities analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

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.