SentinelOne (NYSE:S) CEO Sells $723,003.96 in Stock

Key Points

• Tomer Weingarten, CEO of SentinelOne, sold 38,684 shares at an average price of $18.69, totaling approximately $723,000, which decreased his ownership by 2.58%.
• Following the CEO's sale, shares of SentinelOne dropped 2.3% to $18.00, with a market capitalization of $6 billion and a P/E ratio of -13.64.
• Institutional investors now own 90.87% of SentinelOne's stock, with notable investments from Norges Bank and Massachusetts Financial Services.

SentinelOne, Inc. (NYSE:S - Get Free Report) CEO Tomer Weingarten sold 38,684 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $723,003.96. Following the transaction, the chief executive officer directly owned 1,461,776 shares of the company's stock, valued at approximately $27,320,593.44. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tomer Weingarten also recently made the following trade(s):

• On Wednesday, August 6th, Tomer Weingarten sold 31,916 shares of SentinelOne stock. The stock was sold at an average price of $17.31, for a total transaction of $552,465.96.

SentinelOne Stock Performance

Shares of NYSE:S traded down $0.28 during trading hours on Friday, hitting $18.19. The stock had a trading volume of 1,919,092 shares, compared to its average volume of 5,918,390. The stock's fifty day simple moving average is $17.85 and its 200 day simple moving average is $18.34. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of -13.78 and a beta of 0.78.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co bought a new position in shares of SentinelOne during the 1st quarter valued at approximately $26,000. Atlantic Union Bankshares Corp bought a new position in shares of SentinelOne during the 2nd quarter worth $29,000. Parallel Advisors LLC grew its position in shares of SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its position in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne during the fourth quarter worth about $38,000. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $25.00 price objective on shares of SentinelOne in a report on Tuesday, May 27th. Westpark Capital reiterated a "buy" rating and issued a $25.00 price target on shares of SentinelOne in a report on Friday, August 29th. Barclays increased their price objective on shares of SentinelOne from $19.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Sanford C. Bernstein increased their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of SentinelOne from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

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.