SentinelOne, Inc. (NYSE:S) CAO Robin Tomasello Sells 2,921 Shares

Key Points

• Robin Tomasello, Chief Accounting Officer of SentinelOne, sold 2,921 shares at an average price of $17.31, totaling approximately $50,562.51, reducing their ownership by 0.95% to 306,044 shares.
• As of the latest trading session, SentinelOne's stock was down $0.63 at $16.68, with a market cap of $5.54 billion and a 12-month high of $29.29.
• Analysts maintain a generally positive outlook on SentinelOne, with ten hold ratings and seventeen buy ratings, resulting in a consensus average target price of $24.80.

SentinelOne, Inc. (NYSE:S - Get Free Report) CAO Robin Tomasello sold 2,921 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $50,562.51. Following the completion of the sale, the chief accounting officer directly owned 306,044 shares in the company, valued at approximately $5,297,621.64. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

SentinelOne Price Performance

Shares of S stock traded down $0.63 on Thursday, hitting $16.68. The stock had a trading volume of 9,114,281 shares, compared to its average volume of 8,425,770. The business has a 50 day moving average of $18.11 and a 200 day moving average of $19.43. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -12.63 and a beta of 0.77. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The business had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. The business's revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Roth Capital set a $26.00 price objective on shares of SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Westpark Capital reduced their price objective on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Guggenheim reaffirmed a "buy" rating and issued a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. Rosenblatt Securities started coverage on shares of SentinelOne in a research note on Friday, July 18th. They set a "buy" rating and a $24.00 target price on the stock. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 target price (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.80.

Institutional Trading of SentinelOne

Large investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in SentinelOne during the first quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of SentinelOne in the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SentinelOne in the fourth quarter worth about $38,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of SentinelOne in the fourth quarter worth about $40,000. Finally, GAMMA Investing LLC increased its stake in shares of SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

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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