SentinelOne, Inc. (NYSE:S) Insider Ric Smith Sells 190,539 Shares

SentinelOne, Inc. (NYSE:S – Get Rating) insider Ric Smith sold 190,539 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the sale, the insider now directly owns 568,855 shares of the company’s stock, valued at approximately $8,731,924.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ric Smith also recently made the following trade(s):

• On Monday, February 6th, Ric Smith sold 2,560 shares of SentinelOne stock. The shares were sold at an average price of $15.40, for a total transaction of $39,424.00.

SentinelOne Stock Performance

NYSE:S opened at $15.07 on Friday. SentinelOne, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $42.84. The firm has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $18.49.

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 analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $126.10 million for the quarter, compared to the consensus estimate of $124.69 million. SentinelOne had a negative net margin of 89.70% and a negative return on equity of 21.10%. The business’s quarterly revenue was up 92.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.27) EPS. On average, research analysts forecast that SentinelOne, Inc. will post -1.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of SentinelOne in a research report on Tuesday, January 24th. They set an “overweight” rating and a $18.00 price target for the company. Wells Fargo & Company dropped their target price on shares of SentinelOne from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup dropped their target price on shares of SentinelOne from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday. Piper Sandler raised their target price on shares of SentinelOne from $16.00 to $18.00 in a research report on Wednesday. Finally, Westpark Capital started coverage on shares of SentinelOne in a research report on Tuesday, February 14th. They issued a “buy” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, SentinelOne currently has a consensus rating of “Hold” and an average target price of $20.79.

Institutional Trading of SentinelOne

A number of institutional investors have recently made changes to their positions in the stock. Natixis Investment Managers International purchased a new position in shares of SentinelOne in the second quarter worth approximately $88,000. Jump Financial LLC purchased a new position in shares of SentinelOne in the third quarter worth approximately $406,000. Symmetry Investments LP purchased a new position in shares of SentinelOne in the third quarter worth approximately $579,000. Almanack Investment Partners LLC. boosted its holdings in shares of SentinelOne by 315.6% in the second quarter. Almanack Investment Partners LLC. now owns 281,893 shares of the company’s stock worth $6,577,000 after buying an additional 214,064 shares during the last quarter. Finally, SQN Investors LP boosted its holdings in shares of SentinelOne by 10.9% in the second quarter. SQN Investors LP now owns 1,121,337 shares of the company’s stock worth $26,161,000 after buying an additional 110,229 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

About SentinelOne

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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.