SentinelOne (NYSE:S) CEO Tomer Weingarten Sells 57,941 Shares

Key Points

• Tomer Weingarten, CEO of SentinelOne, sold 57,941 shares of the company's stock on October 6th for approximately $1.04 million, reducing his holdings by 4.32%.
• SentinelOne's stock is currently priced at $17.84, with analyst reports projecting a consensus target price of $24.26 and a rating of "Moderate Buy."
• Over 90% of SentinelOne's stock is owned by institutional investors, highlighting strong institutional interest in the company.

SentinelOne, Inc. (NYSE:S - Get Free Report) CEO Tomer Weingarten sold 57,941 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $18.02, for a total value of $1,044,096.82. Following the completion of the transaction, the chief executive officer owned 1,283,939 shares in the company, valued at approximately $23,136,580.78. The trade was a 4.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, September 11th, Tomer Weingarten sold 162,794 shares of SentinelOne stock. The stock was sold at an average price of $18.38, for a total value of $2,992,153.72.
• On Monday, September 8th, Tomer Weingarten sold 38,684 shares of SentinelOne stock. The stock was sold at an average price of $18.69, for a total value of $723,003.96.
• 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 value of $552,465.96.

SentinelOne Price Performance

Shares of S stock traded down $0.16 during trading hours on Thursday, reaching $17.84. The company had a trading volume of 290,674 shares, compared to its average volume of 5,907,458. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The business has a fifty day simple moving average of $17.69 and a 200-day simple moving average of $18.15. The company has a market cap of $5.95 billion, a price-to-earnings ratio of -13.50 and a beta of 0.76.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Sanford C. Bernstein raised their target price on SentinelOne from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays raised their target price on SentinelOne from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Guggenheim reissued a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a research report on Friday, August 29th. Finally, Morgan Stanley reissued a "positive" rating on shares of SentinelOne in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.26.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of SentinelOne by 11,049.7% during the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock valued at $641,000 after buying an additional 34,917 shares during the period. Rhumbline Advisers grew its position in shares of SentinelOne by 5.7% during the first quarter. Rhumbline Advisers now owns 332,102 shares of the company's stock valued at $6,038,000 after purchasing an additional 18,053 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of SentinelOne in the 1st quarter valued at about $250,000. Farther Finance Advisors LLC lifted its holdings in shares of SentinelOne by 12.1% in the 1st quarter. Farther Finance Advisors LLC now owns 14,861 shares of the company's stock valued at $277,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in SentinelOne by 43.4% in the first quarter. Pallas Capital Advisors LLC now owns 17,638 shares of the company's stock worth $321,000 after purchasing an additional 5,340 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

SentinelOne Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.