Insider Selling: SentinelOne, Inc. (NYSE:S) Insider Sells $59,086.98 in Stock

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 3,187 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total transaction of $59,086.98. Following the completion of the transaction, the insider now owns 1,058,025 shares of the company’s stock, valued at approximately $19,615,783.50. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ric Smith also recently made the following trade(s):

• On Thursday, March 27th, Ric Smith sold 10,624 shares of SentinelOne stock. The shares were sold at an average price of $19.77, for a total value of $210,036.48.
• On Tuesday, March 18th, Ric Smith sold 31,659 shares of SentinelOne stock. The shares were sold at an average price of $19.10, for a total transaction of $604,686.90.
• On Thursday, March 6th, Ric Smith sold 20,188 shares of SentinelOne stock. The shares were sold at an average price of $19.55, for a total transaction of $394,675.40.
• On Tuesday, February 25th, Ric Smith sold 14,584 shares of SentinelOne stock. The stock was sold at an average price of $20.96, for a total value of $305,680.64.
• On Thursday, February 6th, Ric Smith sold 2,341 shares of SentinelOne stock. The stock was sold at an average price of $23.95, for a total value of $56,066.95.

SentinelOne Trading Down 1.3 %

SentinelOne stock opened at $19.15 on Friday. The stock has a fifty day moving average price of $18.40 and a 200 day moving average price of $22.28. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The firm has a market capitalization of $6.31 billion, a P/E ratio of -20.37 and a beta of 0.81.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group decreased their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Citigroup reduced their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Westpark Capital cut their price objective on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald decreased their target price on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America reduced their price objective on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $26.13.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP increased its stake in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after acquiring an additional 4,206,900 shares during the last quarter. Norges Bank purchased a new position in SentinelOne in the fourth quarter valued at approximately $73,528,000. Point72 Asset Management L.P. acquired a new position in SentinelOne during the fourth quarter valued at approximately $63,120,000. Massachusetts Financial Services Co. MA increased its position in shares of SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock worth $96,898,000 after acquiring an additional 2,558,702 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of SentinelOne by 368.5% in the 4th quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company’s stock valued at $57,787,000 after acquiring an additional 2,047,430 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.