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

SentinelOne, Inc. (NYSE:S) was the recipient of some unusual options trading activity on Monday. Stock traders bought 26,686 call options on the company. This represents an increase of 57% compared to the average daily volume of 16,984 call options.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 57,941 shares of SentinelOne stock in a transaction on Friday, July 31st. The stock was sold at an average price of $18.75, for a total transaction of $1,086,393.75. Following the completion of the sale, the chief executive officer owned 1,894,397 shares of the company’s stock, valued at approximately $35,519,943.75. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Barry L. Padgett sold 15,460 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $17.89, for a total value of $276,579.40. Following the transaction, the chief operating officer owned 987,208 shares of the company’s stock, valued at approximately $17,661,151.12. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 330,866 shares of company stock valued at $6,336,407. Corporate insiders own 4.27% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently bought and sold shares of S. Arizona State Retirement System grew its holdings in shares of SentinelOne by 0.7% in the second quarter. Arizona State Retirement System now owns 87,546 shares of the company’s stock worth $1,486,000 after purchasing an additional 638 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after buying an additional 692 shares during the last quarter. Allworth Financial LP boosted its position in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares during the period. Public Employees Retirement System of Ohio boosted its position in SentinelOne by 0.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 89,609 shares of the company’s stock valued at $1,154,000 after buying an additional 784 shares during the period. Finally, Main Management ETF Advisors LLC grew its holdings in SentinelOne by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 82,215 shares of the company’s stock worth $1,233,000 after acquiring an additional 840 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on S shares. JPMorgan Chase & Co. upped their price objective on shares of SentinelOne from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Citigroup reissued an “outperform” rating on shares of SentinelOne in a report on Friday, August 28th. Piper Sandler lifted their price objective on shares of SentinelOne from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Sanford C. Bernstein upped their target price on shares of SentinelOne from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Finally, Needham & Company LLC raised their price target on SentinelOne from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $23.50.

SentinelOne Price Performance

SentinelOne stock traded up $3.13 during mid-day trading on Monday, hitting $22.89. The company’s stock had a trading volume of 8,484,703 shares, compared to its average volume of 8,031,322. The business has a 50 day moving average price of $20.09 and a 200-day moving average price of $16.78. SentinelOne has a 12 month low of $11.81 and a 12 month high of $23.95. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of -22.56 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $291.98 million for the quarter, compared to analysts’ expectations of $290.24 million. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) earnings per share. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, equities research analysts expect that SentinelOne will post -0.46 earnings per share for the current fiscal year.

About SentinelOne

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.