SentinelOne, Inc. (NYSE:S) CFO David J. Bernhardt Sells 11,061 Shares

SentinelOne, Inc. (NYSE:S) CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $252,190.80. Following the sale, the chief financial officer now directly owns 489,003 shares of the company’s stock, valued at $11,149,268.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

SentinelOne Stock Down 0.6 %

Shares of NYSE S opened at $21.65 on Wednesday. The business’s 50 day moving average price is $22.30 and its 200 day moving average price is $21.98. The firm has a market cap of $6.77 billion, a P/E ratio of -21.23 and a beta of 0.67. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same quarter in the prior year, the firm posted ($0.26) EPS. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, research analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in SentinelOne in the 4th quarter valued at $30,000. Blue Trust Inc. acquired a new position in SentinelOne in the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC raised its stake in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC raised its stake in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in SentinelOne in the 2nd quarter valued at $49,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on S. Morgan Stanley boosted their target price on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Citigroup lifted their price objective on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Scotiabank lifted their price objective on SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and decreased their price objective for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. Finally, DA Davidson lifted their price objective on SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.96.

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.