Insider Selling: SentinelOne, Inc. (NYSE:S) Insider Sells 5,827 Shares of Stock

Key Points

• Keenan Michael Conder, an insider at SentinelOne, sold 5,827 shares at an average price of $17.31, decreasing his ownership to 590,505 shares.
• SentinelOne's stock recently traded at $16.68, representing a 3.7% decline, with a 52-week low of $15.36.
• Analysts have a consensus rating of "Moderate Buy" for SentinelOne, with an average price target of $24.80.

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Keenan Michael Conder sold 5,827 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $100,865.37. Following the completion of the transaction, the insider directly owned 590,505 shares in the company, valued at $10,221,641.55. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Keenan Michael Conder also recently made the following trade(s):

• On Friday, June 6th, Keenan Michael Conder sold 11,097 shares of SentinelOne stock. The shares were sold at an average price of $18.28, for a total value of $202,853.16.

SentinelOne Stock Down 3.7%

S stock traded down $0.63 during midday trading on Thursday, reaching $16.68. The company had a trading volume of 9,114,281 shares, compared to its average volume of 8,425,770. The stock has a 50 day moving average price of $18.11 and a 200 day moving average price of $19.43. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The firm has a market capitalization of $5.54 billion, a PE ratio of -12.63 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 15.95% and a negative net margin of 49.36%. SentinelOne's quarterly revenue was up 22.9% on a year-over-year basis. Research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on S shares. Susquehanna cut their price objective on SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research report on Thursday, May 29th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $18.00 target price (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $19.00 target price (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SentinelOne in a research report on Tuesday. Finally, DA Davidson dropped their target price on SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and an average price target of $24.80.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in shares of SentinelOne during the first quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in shares of SentinelOne during the second quarter worth approximately $29,000. Parallel Advisors LLC boosted its position in shares of SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares during the period. GAMMA Investing LLC boosted its position in shares of SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after buying an additional 1,622 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne during the fourth quarter worth approximately $38,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.

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