SentinelOne Target of Unusually Large Options Trading (NYSE:S)

Key Points

• SentinelOne, Inc. saw a significant spike in options trading with over 25,000 call options traded, marking a 155% increase from its average volume.
• The stock rose 4.2% on the day, closing at $18.35, and has a market cap of $6.10 billion.
• Insiders have actively sold shares recently, with the CAO and CEO selling a combined 34,837 shares on August 6, indicating possible concerns or liquidity needs.

SentinelOne, Inc. (NYSE:S - Get Free Report) saw unusually large options trading activity on Friday. Stock investors bought 25,015 call options on the company. Thisrepresentsanincreaseofapproximately155% compared to the average volume of 9,803 call options.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total transaction of $502,352.68. Following the transaction, the insider owned 1,030,544 shares in the company, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the transaction, the insider owned 596,332 shares in the company, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,730 shares of company stock worth $2,366,017 in the last three months. 4.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its position in SentinelOne by 2.5% during the 1st quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company's stock valued at $470,000 after buying an additional 641 shares during the period. Daiwa Securities Group Inc. boosted its position in SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company's stock valued at $63,000 after buying an additional 692 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its position in SentinelOne by 4.6% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after buying an additional 724 shares during the period. Mission Creek Capital Partners Inc. boosted its position in SentinelOne by 1.7% during the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company's stock valued at $840,000 after buying an additional 760 shares during the period. Finally, Main Management ETF Advisors LLC boosted its position in SentinelOne by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company's stock valued at $857,000 after buying an additional 768 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Trading Up 7.4%

Shares of NYSE:S traded up $1.30 during trading on Friday, reaching $18.91. The company had a trading volume of 19,336,839 shares, compared to its average volume of 6,872,699. SentinelOne has a 12 month low of $15.36 and a 12 month high of $29.29. The stock has a market capitalization of $6.29 billion, a P/E ratio of -14.33 and a beta of 0.78. The company has a fifty day moving average of $17.80 and a two-hundred day moving average of $18.59.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The company had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The business's revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities research analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Guggenheim reissued a "buy" rating and set a $28.00 target price on shares of SentinelOne in a research note on Friday. DA Davidson lifted their price target on shares of SentinelOne from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday. Stephens reaffirmed an "overweight" rating and issued a $25.00 price target on shares of SentinelOne in a research note on Tuesday, May 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $24.00 price target on shares of SentinelOne in a research note on Friday. Finally, Barclays lifted their price target on shares of SentinelOne from $19.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.33.

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.