SentinelOne (NYSE:S) Trading 6.3% Higher

SentinelOne, Inc. (NYSE:S) shares traded up 6.3% during trading on Tuesday . The stock traded as high as $24.68 and last traded at $24.66. 7,072,271 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 5,532,876 shares. The stock had previously closed at $23.20.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of SentinelOne from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Wells Fargo & Company boosted their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Loop Capital boosted their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, BTIG Research boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.83.

SentinelOne Price Performance

The company’s 50-day moving average price is $22.67 and its 200-day moving average price is $21.81. The company has a market cap of $7.96 billion, a P/E ratio of -24.88 and a beta of 0.67.

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

Insider Buying and Selling

In related news, insider Ric Smith sold 99,502 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the completion of the transaction, the insider now owns 639,834 shares in the company, valued at $12,860,663.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SentinelOne news, insider Ric Smith sold 99,502 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the sale, the insider now owns 639,834 shares in the company, valued at $12,860,663.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $20.54, for a total transaction of $1,250,146.56. Following the completion of the sale, the chief executive officer now owns 1,119,312 shares of the company’s stock, valued at approximately $22,990,668.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 574,769 shares of company stock worth $12,295,560. 5.60% of the stock is owned by insiders.

Institutional Trading of SentinelOne

A number of large investors have recently added to or reduced their stakes in S. Norges Bank bought a new position in shares of SentinelOne in the fourth quarter valued at about $228,872,000. Eminence Capital LP raised its position in shares of SentinelOne by 89.7% in the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after purchasing an additional 2,569,781 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of SentinelOne in the second quarter valued at about $36,237,000. Vanguard Group Inc. raised its position in shares of SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after purchasing an additional 1,694,407 shares during the period. Finally, AXA S.A. bought a new position in shares of SentinelOne in the second quarter valued at about $20,082,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Company Profile

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.