Investors Buy Large Volume of SentinelOne Call Options (NYSE:S)

SentinelOne, Inc. (NYSE:S) saw unusually large options trading activity on Wednesday. Investors purchased 14,308 call options on the stock. This represents an increase of 33% compared to the typical volume of 10,744 call options.

SentinelOne Stock Up 3.1 %

Shares of NYSE S opened at $19.33 on Thursday. The firm has a market capitalization of $6.21 billion, a P/E ratio of -20.56 and a beta of 0.78. The stock’s 50-day simple moving average is $22.50 and its two-hundred day simple moving average is $24.10. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the sale, the insider now directly owns 531,459 shares in the company, valued at $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the sale, the chief executive officer now owns 959,682 shares of the company’s stock, valued at $22,782,850.68. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 314,682 shares of company stock worth $7,094,571. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently added to or reduced their stakes in S. Smartleaf Asset Management LLC increased its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares during the last quarter. Avion Wealth bought a new position in shares of SentinelOne during the 4th quarter valued at about $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne during the 4th quarter valued at about $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne during the 4th quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SentinelOne during the 4th quarter valued at about $38,000. 90.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on S. Morgan Stanley cut their price target on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Scotiabank upped their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. UBS Group cut shares of SentinelOne from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $25.00 in a research report on Wednesday, January 15th. Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Robert W. Baird cut their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.78.

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.