SentinelOne (NYSE:S) Insider Sells $207,421.62 in Stock

Key Points

• Keenan Michael Conder, an insider at SentinelOne, sold 11,098 shares for a total of $207,421.62, reducing his ownership by 1.88% to 579,407 shares.
• SentinelOne's stock price has decreased by 2.3%, trading down to $18.00, with a market capitalization of $6.00 billion.
• Recent analyst reports show varied price target increases, with BTIG maintaining a "neutral" rating while other firms have raised targets from $21.00 to $25.00.

SentinelOne, Inc. (NYSE:S - Get Free Report) insider Keenan Michael Conder sold 11,098 shares of the 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 $207,421.62. Following the transaction, the insider directly owned 579,407 shares in the company, valued at approximately $10,829,116.83. This represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Keenan Michael Conder also recently made the following trade(s):

• On Wednesday, August 6th, Keenan Michael Conder sold 5,827 shares of SentinelOne stock. The shares were sold at an average price of $17.31, for a total transaction of $100,865.37.

SentinelOne Stock Down 2.3%

Shares of S stock traded down $0.43 during mid-day trading on Tuesday, reaching $18.00. The company's stock had a trading volume of 5,472,534 shares, compared to its average volume of 5,940,815. The company's 50 day simple moving average is $17.86 and its 200-day simple moving average is $18.37. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The firm has a market capitalization of $6.00 billion, a PE ratio of -13.64 and a beta of 0.78.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BTIG Research reaffirmed a "neutral" rating on shares of SentinelOne in a research note on Monday, August 25th. Robert W. Baird lifted their price target on shares of SentinelOne from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Barclays lifted their price target on shares of SentinelOne from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Westpark Capital reaffirmed a "buy" rating and set a $25.00 price target on shares of SentinelOne in a research note on Friday, August 29th. Finally, Scotiabank lifted their price target on shares of SentinelOne from $18.00 to $21.00 and gave the stock a "sector perform" rating in a research note on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in SentinelOne by 11,049.7% during the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock worth $641,000 after acquiring an additional 34,917 shares in the last quarter. M&T Bank Corp grew its holdings in SentinelOne by 71.9% during the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock worth $782,000 after acquiring an additional 17,998 shares in the last quarter. Vanguard Group Inc. grew its holdings in SentinelOne by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock worth $567,214,000 after acquiring an additional 1,318,533 shares in the last quarter. Merit Financial Group LLC acquired a new position in SentinelOne during the 1st quarter worth $250,000. Finally, Oppenheimer & Co. Inc. grew its holdings in SentinelOne by 54.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock worth $928,000 after acquiring an additional 18,009 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.

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