David J. Bernhardt Sells 2,631 Shares of SentinelOne, Inc. (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $55,935.06. Following the completion of the sale, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SentinelOne Stock Up 1.2 %

Shares of SentinelOne stock opened at $21.21 on Friday. SentinelOne, Inc. has a twelve month low of $12.43 and a twelve month high of $30.76. The company’s 50 day moving average is $22.90 and its 200 day moving average is $23.18. The company has a market cap of $6.58 billion, a price-to-earnings ratio of -18.28 and a beta of 0.69.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $174.18 million for the quarter, compared to the consensus estimate of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the business posted ($0.30) EPS. Sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently made changes to their positions in S. Newbridge Financial Services Group Inc. bought a new stake in SentinelOne during the fourth quarter valued at about $30,000. Montag A & Associates Inc. grew its stake in shares of SentinelOne by 143.0% during the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock valued at $34,000 after acquiring an additional 1,200 shares during the period. Acadian Asset Management LLC purchased a new stake in SentinelOne in the 3rd quarter worth approximately $38,000. Cary Street Partners Investment Advisory LLC purchased a new position in SentinelOne during the third quarter valued at approximately $55,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of SentinelOne in the first quarter worth approximately $80,000. Institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on S shares. Morgan Stanley raised their target price on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. DA Davidson upped their price target on SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. StockNews.com raised SentinelOne to a “sell” rating in a research note on Friday, January 12th. Sanford C. Bernstein boosted their price target on shares of SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Loop Capital raised their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.08.

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.