SentinelOne (NYSE:S) Shares Gap Up - What's Next?

SentinelOne, Inc. (NYSE:S - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $18.01, but opened at $19.39. SentinelOne shares last traded at $19.81, with a volume of 2,875,547 shares traded.

Analysts Set New Price Targets

S has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a research note on Wednesday, May 21st. Westpark Capital decreased their target price on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Susquehanna decreased their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research note on Thursday, May 29th. Bank of America reaffirmed a "neutral" rating and issued a $21.00 target price on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 price objective (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Stock Up 7.9%

The firm has a market capitalization of $6.46 billion, a PE ratio of -14.73 and a beta of 0.77. The company's 50-day simple moving average is $18.43 and its 200 day simple moving average is $19.76.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The company's revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $502,352.68. Following the completion of the transaction, the insider directly owned 1,030,544 shares of the company's stock, valued at $18,838,344.32. The trade was a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $202,853.16. Following the transaction, the insider directly owned 596,332 shares of the company's stock, valued at approximately $10,900,948.96. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,347 shares of company stock worth $3,464,807. Corporate insiders own 4.33% of the company's stock.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CENTRAL TRUST Co acquired a new position in SentinelOne during the first quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SentinelOne during the 4th quarter worth about $38,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at about $40,000. GAMMA Investing LLC lifted its stake in shares of SentinelOne by 513.3% in the 1st 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, Parallel Advisors LLC grew its position in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after acquiring an additional 942 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

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.

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