SentinelOne (NYSE:S) Shares Break Above 50 Day Moving Average – Should You Sell?

SentinelOne, Inc. (NYSE:S)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $23.12 and traded as high as $23.68. SentinelOne shares last traded at $23.4870, with a volume of 7,679,086 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on S shares. Canaccord Genuity Group lifted their price objective on SentinelOne from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Jefferies Financial Group reiterated a “buy” rating on shares of SentinelOne in a research note on Thursday, October 22nd. Wells Fargo & Company increased their target price on SentinelOne from $16.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $26.00 target price on shares of SentinelOne in a research report on Friday, August 28th. Finally, Oppenheimer lifted their price target on SentinelOne from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.61.

SentinelOne Stock Performance

The firm’s 50-day moving average price is $23.12 and its two-hundred day moving average price is $17.88. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of -23.25 and a beta of 0.59.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The firm had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. SentinelOne’s quarterly revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Keenan Conder sold 8,312 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.79, for a total transaction of $164,494.48. Following the completion of the sale, the insider owned 948,046 shares in the company, valued at $18,761,830.34. This trade represents a 0.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 21,440 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $19.67, for a total transaction of $421,724.80. Following the sale, the chief accounting officer owned 418,423 shares of the company’s stock, valued at $8,230,380.41. This represents a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 755,582 shares of company stock worth $18,023,238 over the last ninety days. 4.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in S. Arizona State Retirement System grew its holdings in shares of SentinelOne by 0.7% during the second quarter. Arizona State Retirement System now owns 87,546 shares of the company’s stock worth $1,486,000 after purchasing an additional 638 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of SentinelOne by 0.9% during the first quarter. Public Employees Retirement System of Ohio now owns 89,609 shares of the company’s stock worth $1,154,000 after purchasing an additional 784 shares in the last quarter. GAMMA Investing LLC increased its position in shares of SentinelOne by 29.7% during the second quarter. GAMMA Investing LLC now owns 3,685 shares of the company’s stock worth $63,000 after purchasing an additional 843 shares in the last quarter. Caerus Investment Advisors LLC lifted its holdings in shares of SentinelOne by 6.0% in the 1st quarter. Caerus Investment Advisors LLC now owns 15,390 shares of the company’s stock valued at $198,000 after purchasing an additional 877 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of SentinelOne by 3.7% in the 3rd quarter. Krilogy Financial LLC now owns 30,887 shares of the company’s stock valued at $793,000 after purchasing an additional 1,093 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc is a cybersecurity company that develops software to help organizations detect, prevent and respond to cyber threats. Its Singularity platform uses artificial intelligence and automation to protect endpoints, cloud workloads and identities, and to support security operations.

The platform includes endpoint protection and detection, cloud security, threat hunting and incident response capabilities. SentinelOne also offers security information and event management tools and Purple AI, which helps security teams investigate threats using natural-language queries.

Founded in 2013, SentinelOne serves businesses and other organizations internationally.