Ric Smith Sells 23,518 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Ric Smith sold 23,518 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $18.30, for a total transaction of $430,379.40. Following the completion of the sale, the insider now owns 1,007,026 shares in the company, valued at approximately $18,428,575.80. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $502,352.68.
• On Tuesday, May 6th, Ric Smith sold 3,187 shares of SentinelOne stock. The shares were sold at an average price of $18.54, for a total transaction of $59,086.98.
• On Thursday, March 27th, Ric Smith sold 10,624 shares of SentinelOne stock. The shares were sold at an average price of $19.77, for a total transaction of $210,036.48.
• On Tuesday, March 18th, Ric Smith sold 31,659 shares of SentinelOne stock. The shares were sold at an average price of $19.10, for a total transaction of $604,686.90.

SentinelOne Stock Performance

NYSE:S traded down $0.61 during midday trading on Friday, reaching $17.27. 5,799,520 shares of the stock traded hands, compared to its average volume of 5,110,172. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The business has a 50-day moving average of $18.46 and a two-hundred day moving average of $20.92. The stock has a market capitalization of $5.69 billion, a PE ratio of -18.37 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business's revenue was up 22.9% compared to the same quarter last year. Research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in SentinelOne by 5.7% in the 1st quarter. Rhumbline Advisers now owns 332,102 shares of the company's stock worth $6,038,000 after acquiring an additional 18,053 shares during the last quarter. Strs Ohio purchased a new stake in SentinelOne during the 1st quarter valued at about $9,227,000. Focus Partners Wealth acquired a new position in shares of SentinelOne in the first quarter valued at about $346,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of SentinelOne by 131.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company's stock worth $79,532,000 after purchasing an additional 2,483,136 shares during the period. Finally, Woodline Partners LP acquired a new stake in shares of SentinelOne during the first quarter worth about $382,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on S shares. Morgan Stanley cut their price target on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Jefferies Financial Group dropped their target price on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank dropped their target price on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. DA Davidson dropped their target price on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $19.00 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 issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and an average target price of $24.83.

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.