SentinelOne (NYSE:S) Shares Gap Up - What's Next?

SentinelOne, Inc. (NYSE:S - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $22.05, but opened at $23.25. SentinelOne shares last traded at $22.85, with a volume of 1,015,363 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $33.00 target price on shares of SentinelOne in a research note on Wednesday, August 28th. Piper Sandler raised SentinelOne from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. The Goldman Sachs Group restated a "neutral" rating and set a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price target on shares of SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Finally, Wedbush upgraded shares of SentinelOne to a "strong-buy" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $29.44.

SentinelOne Price Performance

The stock has a market capitalization of $7.18 billion, a P/E ratio of -23.76 and a beta of 0.67. The company's 50-day simple moving average is $26.23 and its 200-day simple moving average is $23.33.

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

Insider Activity

In other news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $26.28, for a total transaction of $383,241.24. Following the transaction, the insider now owns 585,647 shares in the company, valued at approximately $15,390,803.16. This trade represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the sale, the chief executive officer now owns 959,682 shares of the company's stock, valued at $22,658,092.02. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 418,999 shares of company stock valued at $10,373,693 over the last three months. Insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of SentinelOne during the second quarter worth approximately $27,000. Raymond James & Associates increased its stake in SentinelOne by 22.6% during the 2nd quarter. Raymond James & Associates now owns 308,226 shares of the company's stock worth $6,488,000 after acquiring an additional 56,888 shares during the period. EFG Asset Management North America Corp. raised its holdings in SentinelOne by 47.2% in the 2nd quarter. EFG Asset Management North America Corp. now owns 54,345 shares of the company's stock valued at $1,145,000 after acquiring an additional 17,432 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in SentinelOne by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,642,664 shares of the company's stock valued at $34,578,000 after acquiring an additional 247,840 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock valued at $28,000 after acquiring an additional 434 shares during the period. Institutional investors own 90.87% of the company's stock.

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.