Insider Selling: SentinelOne (NYSE:S) COO Sells 15,460 Shares of Company Stock

Key Points

• SentinelOne COO Barry Padgett sold 15,460 shares at an average price of $25.33, generating $391,601.80. The sale covered tax-withholding obligations tied to vested equity awards, reducing his ownership by 1.58%.
• SentinelOne shares rose 1.6% to $25.84, near the company’s 12-month high of $26.34. The cybersecurity firm recently beat quarterly revenue and EPS estimates, with revenue increasing 20.6% year over year.
• Institutional investors own approximately 90.87% of SentinelOne, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $23.75.

SentinelOne, Inc. (NYSE:S - Get Free Report) COO Barry Padgett sold 15,460 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $25.33, for a total value of $391,601.80. Following the completion of the sale, the chief operating officer owned 961,970 shares in the company, valued at $24,366,700.10. The trade was a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SentinelOne Stock Up 1.6%

SentinelOne stock traded up $0.41 during mid-day trading on Tuesday, hitting $25.84. 9,226,654 shares of the stock were exchanged, compared to its average volume of 8,765,661. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of -25.58 and a beta of 0.70. SentinelOne, Inc. has a 12 month low of $11.81 and a 12 month high of $26.34. The firm's fifty day simple moving average is $21.85 and its two-hundred day simple moving average is $17.98.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.08 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 company had revenue of $291.98 million for the quarter, compared to analyst estimates of $290.24 million. During the same period in the prior year, the firm posted ($0.22) EPS. The company'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, analysts forecast that SentinelOne, Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently modified their holdings of S. Engineers Gate Manager LP lifted its holdings in shares of SentinelOne by 431.2% in the 2nd quarter. Engineers Gate Manager LP now owns 331,082 shares of the company's stock worth $5,618,000 after purchasing an additional 268,751 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in SentinelOne by 44.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company's stock valued at $1,293,000 after purchasing an additional 23,561 shares in the last quarter. NewEdge Advisors LLC raised its holdings in SentinelOne by 33.8% during the second quarter. NewEdge Advisors LLC now owns 22,598 shares of the company's stock worth $383,000 after buying an additional 5,709 shares during the last quarter. IFP Advisors Inc raised its holdings in SentinelOne by 110.1% during the second quarter. IFP Advisors Inc now owns 15,847 shares of the company's stock worth $269,000 after buying an additional 8,306 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of SentinelOne by 1,427.5% in the second quarter. Squarepoint Ops LLC now owns 856,528 shares of the company's stock valued at $14,535,000 after buying an additional 800,455 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

Wall Street Analyst Weigh In

S has been the subject of several research analyst reports. Weiss Ratings raised SentinelOne from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. Stephens reaffirmed an "overweight" rating and set a $26.00 target price on shares of SentinelOne in a research note on Friday, August 28th. Barclays lifted their target price on SentinelOne from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Guggenheim increased their price target on SentinelOne from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and an average price target of $23.75.

About SentinelOne

SentinelOne, Inc NYSE: S is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization's technology environment.

The company's offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.

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