Insider Selling: SentinelOne, Inc. (NYSE:S) CFO Sells $85,727.72 in Stock

SentinelOne, Inc. (NYSE:S) CFO David J. Bernhardt sold 4,021 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $21.32, for a total value of $85,727.72. Following the completion of the transaction, the chief financial officer now owns 500,064 shares of the company’s stock, valued at $10,661,364.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SentinelOne Trading Up 2.0 %

NYSE S opened at $22.81 on Thursday. The stock has a market cap of $7.14 billion, a P/E ratio of -22.36 and a beta of 0.66. The company’s fifty day simple moving average is $20.44 and its 200-day simple moving average is $22.64. SentinelOne, Inc. has a 52 week low of $13.87 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million for the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the firm earned ($0.35) EPS. On average, research analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

S has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on SentinelOne from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Robert W. Baird assumed coverage on SentinelOne in a report on Monday, July 15th. They issued an “outperform” rating and a $25.00 price target for the company. Guggenheim reiterated a “buy” rating and set a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. BTIG Research decreased their target price on shares of SentinelOne from $30.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Citigroup dropped their price target on shares of SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in shares of SentinelOne in the 4th quarter valued at approximately $30,000. Blue Trust Inc. acquired a new stake in SentinelOne in the second quarter valued at $27,000. Allspring Global Investments Holdings LLC boosted its stake in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne in the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.