Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells 81,619 Shares of Stock

SentinelOne, Inc. (NYSE:S - Get Free Report) CEO Tomer Weingarten sold 81,619 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the sale, the chief executive officer now owns 879,494 shares of the company's stock, valued at $17,229,287.46. The trade was a 8.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, March 6th, Tomer Weingarten sold 39,477 shares of SentinelOne stock. The shares were sold at an average price of $19.55, for a total value of $771,775.35.
• On Tuesday, February 11th, Tomer Weingarten sold 70,642 shares of SentinelOne stock. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24.
• On Thursday, February 6th, Tomer Weingarten sold 10,178 shares of SentinelOne stock. The stock was sold at an average price of $23.95, for a total transaction of $243,763.10.
• On Tuesday, January 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28.

SentinelOne Trading Up 0.3 %

Shares of NYSE S traded up $0.06 during mid-day trading on Tuesday, reaching $20.17. The company had a trading volume of 3,365,288 shares, compared to its average volume of 4,854,678. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The business's 50-day moving average is $21.87 and its 200-day moving average is $23.79. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of -21.46 and a beta of 0.78.

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Analysts Set New Price Targets

S has been the subject of a number of research analyst reports. Oppenheimer started coverage on SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective for the company. Barclays cut their price target on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald reduced their price objective on SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Sanford C. Bernstein lowered their target price on SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Finally, Jefferies Financial Group reduced their price target on shares of SentinelOne from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP grew its stake in SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne in the 3rd quarter worth $80,604,000. Norges Bank bought a new position in shares of SentinelOne during the 4th quarter worth $73,528,000. Point72 Asset Management L.P. bought a new position in shares of SentinelOne during the 4th quarter worth $63,120,000. Finally, Sylebra Capital LLC increased its stake in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after buying an additional 2,282,980 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

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.