SentinelOne, Inc. (NYSE:S) Insider Keenan Michael Conder Sells 11,097 Shares

SentinelOne, Inc. (NYSE:S) insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total transaction of $202,853.16. Following the transaction, the insider now directly owns 596,332 shares of the company’s stock, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $17.91 on Friday. The business’s 50 day moving average price is $18.43 and its 200 day moving average price is $20.99. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -19.05 and a beta of 0.77. SentinelOne, Inc. has a one year low of $15.36 and a one year high of $29.29.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of SentinelOne by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after purchasing an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC raised its holdings in SentinelOne by 10.0% in the 1st quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock valued at $192,218,000 after buying an additional 959,771 shares during the period. Eminence Capital LP lifted its position in SentinelOne by 6.4% in the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock valued at $145,052,000 after buying an additional 392,986 shares during the last quarter. Invesco Ltd. boosted its stake in SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after buying an additional 900,577 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of SentinelOne by 92.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock valued at $96,898,000 after acquiring an additional 2,558,702 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

S has been the topic of several analyst reports. Roth Mkm initiated coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price target on the stock. Barclays dropped their target price on SentinelOne from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 29th. Scotiabank reduced their price target on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. Morgan Stanley dropped their price objective on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Stephens restated an “overweight” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Tuesday, May 27th. Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

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.