Tomer Weingarten Sells 47,365 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 47,365 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $22.57, for a total transaction of $1,069,028.05. Following the completion of the sale, the chief executive officer now directly owns 1,285,122 shares in the company, valued at $29,005,203.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Tomer Weingarten also recently made the following trade(s):

• On Wednesday, March 6th, Tomer Weingarten sold 69,427 shares of SentinelOne stock. The stock was sold at an average price of $27.09, for a total value of $1,880,777.43.
• On Thursday, February 8th, Tomer Weingarten sold 47,365 shares of SentinelOne stock. The shares were sold at an average price of $28.97, for a total value of $1,372,164.05.
• On Tuesday, February 6th, Tomer Weingarten sold 10,165 shares of SentinelOne stock. The stock was sold at an average price of $27.68, for a total value of $281,367.20.

SentinelOne Price Performance

S traded up $0.34 during trading hours on Thursday, reaching $22.49. The company’s stock had a trading volume of 2,883,175 shares, compared to its average volume of 6,107,690. The business’s 50-day moving average is $25.80 and its 200-day moving average is $22.55. The stock has a market cap of $6.97 billion, a PE ratio of -19.39 and a beta of 0.66. SentinelOne, Inc. has a fifty-two week low of $12.43 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $174.18 million during the quarter, compared to analysts’ expectations of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The company’s revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS. Analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on S. Sanford C. Bernstein upped their price objective on SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Wells Fargo & Company raised their price target on shares of SentinelOne from $22.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. JMP Securities reissued a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a research note on Monday, April 1st. Susquehanna initiated coverage on SentinelOne in a research note on Friday, December 15th. They issued a “positive” rating and a $35.00 price target for the company. Finally, Wedbush increased their price target on SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.04.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of SentinelOne by 20.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company’s stock valued at $335,000 after buying an additional 1,439 shares during the period. ProShare Advisors LLC acquired a new stake in shares of SentinelOne during the first quarter worth about $286,000. Bank of New York Mellon Corp lifted 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 purchasing an additional 404,220 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in shares of SentinelOne in the first quarter valued at approximately $212,000. Finally, PNC Financial Services Group Inc. purchased a new stake in SentinelOne during the 1st quarter worth approximately $108,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.