Insider Selling: SentinelOne (NYSE:S) Insider Sells 5,178 Shares of Stock

Key Points

• Keenan Michael Conder sold 5,178 SentinelOne shares on March 6 at an average of $13.81 for $71,508, leaving him with 557,184 shares (a 0.92% reduction in his position).
• SentinelOne shares traded down to $14.19 (about -1.1%) and, despite recent downgrades and lower targets from some firms, the consensus rating remains a Moderate Buy with an average price target of $21.05.

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Keenan Michael Conder sold 5,178 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $13.81, for a total value of $71,508.18. Following the completion of the sale, the insider directly owned 557,184 shares of the company's stock, valued at $7,694,711.04. The trade was a 0.92% decrease in their position. The sale 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, February 6th, Keenan Michael Conder sold 4,237 shares of SentinelOne stock. The shares were sold at an average price of $13.15, for a total transaction of $55,716.55.

SentinelOne Stock Down 1.1%

SentinelOne stock traded down $0.16 during mid-day trading on Tuesday, reaching $14.19. 7,325,305 shares of the company traded hands, compared to its average volume of 7,206,187. SentinelOne, Inc. has a 52-week low of $12.23 and a 52-week high of $21.40. The firm's 50 day moving average price is $13.96 and its 200 day moving average price is $15.86.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company's stock worth $25,000 after purchasing an additional 726 shares in the last quarter. Strategic Advocates LLC bought a new position in SentinelOne during the 3rd quarter valued at approximately $26,000. Danske Bank A S purchased a new position in SentinelOne during the third quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new stake in SentinelOne in the second quarter worth $29,000. Finally, Assetmark Inc. boosted its holdings in SentinelOne by 700.8% in the fourth quarter. Assetmark Inc. now owns 1,906 shares of the company's stock worth $29,000 after acquiring an additional 1,668 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on S. Piper Sandler reaffirmed a "neutral" rating and set a $17.00 price objective (down from $20.00) on shares of SentinelOne in a research report on Sunday, January 4th. Needham & Company LLC reissued a "buy" rating and issued a $21.00 target price on shares of SentinelOne in a research report on Friday, December 12th. Westpark Capital restated a "buy" rating and issued a $25.00 target price on shares of SentinelOne in a research note on Friday, December 5th. UBS Group lowered SentinelOne from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 13th. Finally, DA Davidson reduced their price target on SentinelOne from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.05.

About SentinelOne

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.

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