Insider Selling: SentinelOne (NYSE:S) CEO Sells 52,087 Shares of Company Stock

Key Points

• SentinelOne CEO Tomer Weingarten sold 52,087 shares for about $1.14 million, a 3.03% reduction in his holdings. The sale was made to cover tax withholding on vested equity awards.
• SentinelOne reported quarterly revenue of $291.98 million, up 20.6% year over year, and EPS of $0.08, slightly above analysts’ estimates.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $24.61; 18 analysts rate the stock Buy, 13 Hold, and one Sell.

SentinelOne, Inc. (NYSE:S - Get Free Report) CEO Tomer Weingarten sold 52,087 shares of the company's stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,141,226.17. Following the completion of the transaction, the chief executive officer owned 1,665,423 shares in the company, valued at approximately $36,489,417.93. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, October 5th, Tomer Weingarten sold 527,368 shares of SentinelOne stock. The shares were sold at an average price of $25.26, for a total transaction of $13,321,315.68.
• On Friday, September 11th, Tomer Weingarten sold 114,890 shares of SentinelOne stock. The shares were sold at an average price of $19.89, for a total transaction of $2,285,162.10.
• On Tuesday, September 8th, Tomer Weingarten sold 38,759 shares of SentinelOne stock. The shares were sold at an average price of $19.79, for a total transaction of $767,040.61.

SentinelOne Price Performance

S stock traded down $0.06 during midday trading on Tuesday, reaching $23.46. The company had a trading volume of 10,351,957 shares, compared to its average volume of 12,558,627. SentinelOne, Inc. has a 1 year low of $11.81 and a 1 year high of $26.50. The company has a market capitalization of $8.17 billion, a P/E ratio of -23.23 and a beta of 0.59. The firm has a 50-day moving average price of $23.15 and a 200-day moving average price of $17.92.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $290.24 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, equities analysts predict that SentinelOne, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein cut SentinelOne from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $21.00 to $25.00 in a report on Thursday, September 17th. Susquehanna reissued a "positive" rating on shares of SentinelOne in a report on Thursday, October 22nd. Yorkville Ives began coverage on SentinelOne in a research report on Monday, October 5th. They issued an "outperform" rating and a $32.00 target price for the company. Piper Sandler upped their target price on SentinelOne from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, August 28th. Finally, Guggenheim increased their price target on shares of SentinelOne from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and an average price target of $24.61.

Institutional Trading of SentinelOne

Institutional investors have recently made changes to their positions in the stock. Stephens Investment Management Group LLC increased its stake in shares of SentinelOne by 0.5% in the third quarter. Stephens Investment Management Group LLC now owns 2,454,543 shares of the company's stock worth $58,320,000 after buying an additional 12,509 shares during the period. Voya Investment Management LLC boosted its position in SentinelOne by 10.6% during the 3rd quarter. Voya Investment Management LLC now owns 6,960,944 shares of the company's stock valued at $165,392,000 after buying an additional 668,772 shares during the period. Global Retirement Partners LLC boosted its position in SentinelOne by 43.8% during the 3rd quarter. Global Retirement Partners LLC now owns 7,680 shares of the company's stock valued at $182,000 after buying an additional 2,340 shares during the period. Edgestream Partners L.P. bought a new stake in SentinelOne in the 3rd quarter worth $7,579,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in SentinelOne in the 3rd quarter worth $1,146,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

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.

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