Tomer Weingarten Sells 31,916 Shares of SentinelOne, Inc. (NYSE:S) Stock

Key Points

• Tomer Weingarten, CEO of SentinelOne, sold 31,916 shares at an average price of $17.31, resulting in a transaction total of $552,465.96, which decreased his holdings by 2.08% to approximately 1.5 million shares.
• SentinelOne shares fell 3.7% to $16.68 following the sale, with a current market capitalization of $5.54 billion and a negative P/E ratio of -12.63.
• Analysts have mixed views on the company, with target prices ranging from $17.00 to $25.00, and an overall average rating of "Moderate Buy" based on market assessments.

SentinelOne, Inc. (NYSE:S - Get Free Report) CEO Tomer Weingarten sold 31,916 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $552,465.96. Following the completion of the transaction, the chief executive officer directly owned 1,500,460 shares of the company's stock, valued at approximately $25,972,962.60. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SentinelOne Stock Down 3.7%

Shares of NYSE S traded down $0.63 during mid-day trading on Thursday, reaching $16.68. 9,114,281 shares of the company were exchanged, compared to its average volume of 8,425,770. The company's 50-day simple moving average is $18.11 and its 200-day simple moving average is $19.43. The stock has a market capitalization of $5.54 billion, a P/E ratio of -12.63 and a beta of 0.77. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The company had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The business's quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC increased its position in SentinelOne by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock worth $764,000 after acquiring an additional 478 shares during the period. Rafferty Asset Management LLC increased its position in SentinelOne by 2.5% during the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company's stock worth $470,000 after acquiring an additional 641 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its position in SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after acquiring an additional 724 shares during the period. DB Fitzpatrick & Co Inc increased its position in SentinelOne by 3.8% during the second quarter. DB Fitzpatrick & Co Inc now owns 24,944 shares of the company's stock worth $456,000 after acquiring an additional 923 shares during the period. Finally, Parallel Advisors LLC increased its holdings in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after buying an additional 942 shares during the period. 90.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

S has been the subject of a number of analyst reports. DA Davidson decreased their target price on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research report 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. Stephens reaffirmed an "overweight" rating and issued a $25.00 target price on shares of SentinelOne in a research report on Tuesday, May 27th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Rosenblatt Securities began coverage on shares of SentinelOne in a research report on Friday, July 18th. They issued a "buy" rating and a $24.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and a consensus target price of $24.80.

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.

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.