Ric Smith Sells 15,163 Shares of SentinelOne, Inc. (NYSE:S) Stock

Key Points

• Insider Ric Smith sold 15,163 shares of SentinelOne stock for $252,918.84 on August 7, reducing his ownership by 1.53% to approximately 976,056 shares.
• SentinelOne's stock price fell by 3.7%, trading at $16.06, with a market cap of $5.34 billion and a negative P/E ratio of -12.17.
• Analysts' ratings for SentinelOne include ten hold ratings, seventeen buy ratings, and three strong buy ratings, with an average target price of $24.80.

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Ric Smith sold 15,163 shares of SentinelOne stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $16.68, for a total transaction of $252,918.84. Following the transaction, the insider directly owned 976,056 shares of the company's stock, valued at $16,280,614.08. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• On Monday, June 9th, Ric Smith sold 23,518 shares of SentinelOne stock. The stock was 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 stock was sold at an average price of $18.28, for a total value of $502,352.68.

SentinelOne Stock Performance

Shares of SentinelOne stock traded up $0.42 on Tuesday, reaching $16.23. 2,393,041 shares of the company were exchanged, compared to its average volume of 5,744,490. The company's 50-day moving average is $18.05 and its two-hundred day moving average is $19.28. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of -12.29 and a beta of 0.77. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting 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 business had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. The firm's revenue was up 22.9% compared to the same quarter last year. As a group, sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein dropped their price objective on SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Roth Mkm assumed coverage on SentinelOne in a research report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $18.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. UBS Group dropped 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. Finally, Roth Capital set a $26.00 price objective on SentinelOne and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and an average target price of $24.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of S. Rhumbline Advisers increased its position in shares of SentinelOne by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 359,164 shares of the company's stock valued at $6,565,000 after purchasing an additional 27,062 shares during the period. AXQ Capital LP acquired a new position in shares of SentinelOne during the 2nd quarter valued at $868,000. Legal & General Group Plc increased its position in shares of SentinelOne by 17.5% during the 2nd quarter. Legal & General Group Plc now owns 7,073,743 shares of the company's stock valued at $129,308,000 after purchasing an additional 1,053,340 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of SentinelOne by 37.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company's stock worth $56,758,000 after acquiring an additional 853,508 shares during the last quarter. Finally, Swiss National Bank increased its stake in SentinelOne by 5.4% in the 2nd quarter. Swiss National Bank now owns 572,500 shares of the company's stock worth $10,465,000 after purchasing an additional 29,400 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.