Ric Smith Sells 24,515 Shares of SentinelOne (NYSE:S) Stock

Key Points

• Ric Smith, an insider at SentinelOne, sold a total of 24,515 shares on September 8th for about $458,185, reducing his ownership by 2.51% to 951,541 shares.
• Several analysts have rated SentinelOne with a consensus rating of "Moderate Buy" and an average price target of $24.29, indicating a positive outlook for the stock.
• SentinelOne's stock has seen a decrease of 2.3% recently, trading at $18.00, which is near its 50-day moving average of $17.85.

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Ric Smith sold 24,515 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $458,185.35. Following the completion of the transaction, the insider directly owned 951,541 shares in the company, valued at $17,784,301.29. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ric Smith also recently made the following trade(s):

• On Tuesday, September 9th, Ric Smith sold 23,520 shares of SentinelOne stock. The stock was sold at an average price of $18.07, for a total value of $425,006.40.
• On Thursday, August 7th, Ric Smith sold 15,163 shares of SentinelOne stock. The stock was sold at an average price of $16.68, for a total value of $252,918.84.
• On Wednesday, August 6th, Ric Smith sold 15,807 shares of SentinelOne stock. The stock was sold at an average price of $17.31, for a total value of $273,619.17.

SentinelOne Trading Down 2.3%

S stock traded down $0.43 during trading on Tuesday, reaching $18.00. 5,475,953 shares of the stock were exchanged, compared to its average volume of 6,977,575. The firm's 50 day moving average is $17.85 and its 200 day moving average is $18.37. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The firm has a market cap of $6.00 billion, a P/E ratio of -13.64 and a beta of 0.78.

Analyst Ratings Changes

Several analysts have recently commented on the company. Guggenheim reissued a "buy" rating and issued a $28.00 price objective on shares of SentinelOne in a research note on Friday, August 29th. Bank of America reaffirmed a "neutral" rating and set a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. Wells Fargo & Company increased their price target on SentinelOne from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Robert W. Baird increased their price target on SentinelOne from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Westpark Capital reaffirmed a "buy" rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, SentinelOne has a consensus rating of "Moderate Buy" and an average price target of $24.29.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in shares of SentinelOne by 12.3% in the 4th quarter. Ameriprise Financial Inc. now owns 233,313 shares of the company's stock worth $5,180,000 after purchasing an additional 25,532 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of SentinelOne in the 4th quarter worth $1,906,000. Cetera Investment Advisers increased its stake in shares of SentinelOne by 66.4% in the 4th quarter. Cetera Investment Advisers now owns 38,959 shares of the company's stock worth $865,000 after purchasing an additional 15,549 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of SentinelOne by 35.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,388 shares of the company's stock worth $97,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in SentinelOne by 122.3% in the 4th quarter. Deutsche Bank AG now owns 873,853 shares of the company's stock worth $19,400,000 after buying an additional 480,755 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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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