SentinelOne (NYSE:S) Shares Up 2% – Here’s What Happened

SentinelOne, Inc. (NYSE:S)’s stock price rose 2% on Monday . The company traded as high as $14.60 and last traded at $14.57. Approximately 5,813,337 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 7,118,527 shares. The stock had previously closed at $14.29.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on S shares. Canaccord Genuity Group lowered their target price on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 5th. DA Davidson decreased their price target on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Berenberg Bank assumed coverage on SentinelOne in a research note on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective on the stock. Bank of America reduced their target price on SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Citizens Jmp lowered their price target on SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.90.

SentinelOne Trading Up 2.0%

The company has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $16.76. The stock has a market cap of $4.95 billion, a P/E ratio of -11.66 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the business earned ($0.25) EPS. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, CFO Barbara A. Larson sold 11,173 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares of the company’s stock, valued at approximately $7,993,493.04. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robin Tomasello sold 8,509 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $14.58, for a total value of $124,061.22. Following the completion of the transaction, the chief accounting officer owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 361,394 shares of company stock worth $5,558,207. Corporate insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its stake in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares during the period. Strategic Advocates LLC acquired a new stake in SentinelOne during the 3rd quarter valued at $26,000. Danske Bank A S acquired a new stake in SentinelOne during the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new position in SentinelOne during the second quarter worth $29,000. Finally, MAI Capital Management increased its holdings in shares of SentinelOne by 121.2% in the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.