SentinelOne, Inc. (NYSE:S) Insider Ric Smith Sells 15,807 Shares

Key Points

• Insider Ric Smith sold 15,807 shares of SentinelOne at an average price of $17.31, totaling approximately $273,619, which decreases his position by 1.57%.
• SentinelOne's stock price declined to $16.68 following the insider sale, with a 12-month trading range between $15.36 and $29.29.
• Several institutional investors, including Vanguard Group and Sylebra Capital, have increased their stakes in SentinelOne, contributing to institutional ownership of 90.87% in the company.

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Ric Smith sold 15,807 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $273,619.17. Following the sale, the insider owned 991,219 shares in the company, valued at $17,158,000.89. The trade was a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, June 9th, Ric Smith sold 23,518 shares of SentinelOne stock. The shares were sold at an average price of $18.30, for a total value of $430,379.40.
• On Friday, June 6th, Ric Smith sold 27,481 shares of SentinelOne stock. The shares were sold at an average price of $18.28, for a total value of $502,352.68.

SentinelOne Stock Performance

S stock traded down $0.63 during trading on Thursday, reaching $16.68. 9,114,281 shares of the company traded hands, compared to its average volume of 8,425,770. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The business has a 50 day simple moving average of $18.11 and a 200 day simple moving average of $19.43. The company has a market capitalization of $5.54 billion, a price-to-earnings 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 for the quarter, meeting analysts' consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. The company's revenue was up 22.9% on a year-over-year basis. As a group, research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock valued at $567,214,000 after purchasing an additional 1,318,533 shares in the last quarter. Sylebra Capital LLC boosted its position in SentinelOne by 10.0% during the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company's stock valued at $192,218,000 after purchasing an additional 959,771 shares in the last quarter. Voya Investment Management LLC boosted its position in SentinelOne by 2.9% during the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company's stock valued at $146,841,000 after purchasing an additional 229,230 shares in the last quarter. Eminence Capital LP boosted its position in SentinelOne by 6.4% during the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock valued at $145,052,000 after purchasing an additional 392,986 shares in the last quarter. Finally, Invesco Ltd. boosted its position in SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after purchasing an additional 900,577 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

S has been the topic of several research analyst reports. Westpark Capital cut their price objective on SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. UBS Group cut their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Barclays cut their price objective on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley cut their price objective on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.80.

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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