SentinelOne (NYSE:S) COO Barry Padgett Sells 9,464 Shares of Company Stock

Key Points

• COO Barry Padgett sold 9,464 shares for about $207,356, a 0.98% reduction in his holdings. The sale covered tax withholding obligations tied to vested equity awards; he retained 952,506 shares.
• SentinelOne’s latest reported quarter beat consensus, with EPS of $0.08 versus $0.07 expected and revenue of $291.98 million versus $290.24 million expected. Revenue increased 20.6% year over year.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $24.61. The article also reported that institutional investors owned 90.87% of the stock.

SentinelOne, Inc. (NYSE:S - Get Free Report) COO Barry Padgett sold 9,464 shares of the firm's stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $21.91, for a total value of $207,356.24. Following the sale, the chief operating officer directly owned 952,506 shares of the company's stock, valued at $20,869,406.46. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SentinelOne Trading Down 0.3%

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

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $291.98 million for the quarter, compared to analyst estimates of $290.24 million. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.22) EPS. 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, analysts predict that SentinelOne, Inc. will post -0.47 earnings per share for the current year.

Institutional Trading of SentinelOne

A number of large investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its holdings in SentinelOne by 10.6% in the third quarter. Voya Investment Management LLC now owns 6,960,944 shares of the company's stock valued at $165,392,000 after acquiring an additional 668,772 shares in the last quarter. Wellington Management Group LLP grew its holdings in SentinelOne by 216.0% during the 2nd quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company's stock worth $85,110,000 after acquiring an additional 3,428,192 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $59,607,000. Dimensional Fund Advisors LP increased its position in shares of SentinelOne by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,592,248 shares of the company's stock valued at $59,142,000 after purchasing an additional 461,411 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of SentinelOne by 0.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 2,454,543 shares of the company's stock valued at $58,320,000 after purchasing an additional 12,509 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on S shares. Rosenblatt Securities lifted their price objective on SentinelOne from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. Barclays increased their target price on SentinelOne from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Friday, August 28th. Needham & Company LLC raised their target price on SentinelOne from $26.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, October 13th. Sanford C. Bernstein downgraded SentinelOne from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $21.00 to $25.00 in a research report on Thursday, September 17th. Finally, Guggenheim boosted their price target on shares of SentinelOne from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.61.

SentinelOne Company Profile

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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