SentinelOne, Inc. (NYSE:S) CAO Robin Tomasello Sells 6,378 Shares

SentinelOne, Inc. (NYSE:S - Get Free Report) CAO Robin Tomasello sold 6,378 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares in the company, valued at approximately $4,509,891.75. The trade was a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

SentinelOne Stock Down 0.3 %

Shares of S stock traded down $0.07 during trading hours on Friday, reaching $19.84. 5,174,675 shares of the stock traded hands, compared to its average volume of 4,084,352. The firm has a market capitalization of $6.37 billion, a PE ratio of -21.10 and a beta of 0.78. The business has a fifty day moving average price of $22.70 and a 200 day moving average price of $24.22. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period last year, the company posted ($0.21) earnings per share. The company's revenue was up 28.3% compared to the same quarter last year. Research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth acquired a new position in SentinelOne during the fourth quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new position in SentinelOne during the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on S shares. Guggenheim reaffirmed a "buy" rating and issued a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Morgan Stanley reduced their target price on SentinelOne from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. UBS Group downgraded SentinelOne from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $30.00 to $25.00 in a research report on Wednesday, January 15th. Oppenheimer assumed coverage on SentinelOne in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price objective on the stock. Finally, Scotiabank increased their price objective on SentinelOne from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of "Moderate Buy" and an average price target of $29.48.

Remove Ads

SentinelOne Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.