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

Posted by MarketBeat News on Mar 15th, 2023

SentinelOne, Inc. (NYSE:S – Get Rating) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 7,127 call options on the stock. This is an increase of approximately 56% compared to the typical daily volume of 4,577 call options.

Analyst Ratings Changes

Several research firms recently commented on S. Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of SentinelOne in a report on Monday. Wells Fargo & Company cut shares of SentinelOne from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a report on Tuesday, February 21st. JMP Securities decreased their price target on shares of SentinelOne from $42.00 to $36.00 and set a “market outperform” rating for the company in a report on Wednesday, December 7th. Cowen decreased their price target on shares of SentinelOne from $45.00 to $35.00 in a report on Wednesday, December 7th. Finally, Westpark Capital started coverage on shares of SentinelOne in a report on Tuesday, February 14th. They set a “buy” rating and a $22.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.08.

SentinelOne Trading Up 3.7 %

Shares of S stock opened at $14.47 on Wednesday. The firm has a market capitalization of $4.09 billion, a P/E ratio of -10.74 and a beta of 0.50. The firm’s fifty day simple moving average is $15.12 and its 200 day simple moving average is $18.72. SentinelOne has a 1 year low of $12.69 and a 1 year high of $42.84.

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SentinelOne (NYSE:S – Get Rating) last announced its quarterly earnings results on Tuesday, March 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The firm had revenue of $126.10 million for the quarter, compared to analyst estimates of $124.69 million. SentinelOne had a negative net margin of 98.61% and a negative return on equity of 20.34%. The business’s revenue for the quarter was up 92.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. Equities research analysts anticipate that SentinelOne will post -1.41 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 1,724 shares of SentinelOne stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $16.57, for a total value of $28,566.68. Following the transaction, the insider now owns 368,599 shares of the company’s stock, valued at approximately $6,107,685.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO David J. Bernhardt sold 3,861 shares of SentinelOne stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $15.40, for a total value of $59,459.40. Following the transaction, the chief financial officer now directly owns 94,876 shares of the company’s stock, valued at $1,461,090.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keenan Michael Conder sold 1,724 shares of SentinelOne stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $16.57, for a total transaction of $28,566.68. Following the completion of the transaction, the insider now directly owns 368,599 shares in the company, valued at $6,107,685.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,460 shares of company stock valued at $335,357. Company insiders own 7.48% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently bought and sold shares of S. CWM LLC boosted its stake in shares of SentinelOne by 450.4% in the 4th quarter. CWM LLC now owns 2,086 shares of the company’s stock valued at $30,000 after purchasing an additional 1,707 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at $31,000. Advisors Asset Management Inc. acquired a new stake in shares of SentinelOne in the 1st quarter valued at $43,000. Signaturefd LLC boosted its stake in shares of SentinelOne by 2,647.8% in the 4th quarter. Signaturefd LLC now owns 3,105 shares of the company’s stock valued at $45,000 after purchasing an additional 2,992 shares in the last quarter. Finally, Delta Asset Management LLC TN acquired a new stake in shares of SentinelOne in the 4th quarter valued at $45,000. Institutional investors own 79.18% of the company’s stock.

SentinelOne Company Profile

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.