SentinelOne, Inc. (NYSE:S) CEO Sells $1,598,916.21 in Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 81,619 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the transaction, the chief executive officer now directly owns 879,494 shares in the company, valued at $17,229,287.46. This represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Tomer Weingarten also recently made the following trade(s):

• On Thursday, March 6th, Tomer Weingarten sold 39,477 shares of SentinelOne stock. The shares were sold at an average price of $19.55, for a total value of $771,775.35.
• On Tuesday, February 11th, Tomer Weingarten sold 70,642 shares of SentinelOne stock. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24.
• On Thursday, February 6th, Tomer Weingarten sold 10,178 shares of SentinelOne stock. The shares were sold at an average price of $23.95, for a total value of $243,763.10.
• On Tuesday, January 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28.

SentinelOne Stock Performance

S stock traded down $0.10 during midday trading on Friday, reaching $19.27. 8,164,786 shares of the company were exchanged, compared to its average volume of 4,848,958. The stock’s 50-day simple moving average is $21.94 and its 200 day simple moving average is $23.81. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The company has a market cap of $6.19 billion, a price-to-earnings ratio of -20.50 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on S. Barclays lowered their price target on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group lowered their target price on SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. UBS Group cut their price target on SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Bank of America lowered their price objective on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Susquehanna cut their target price on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a research note on Thursday, March 13th. Seven 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock valued at $442,000 after purchasing an additional 1,111 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in SentinelOne in the 3rd quarter valued at $225,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in SentinelOne during the 3rd quarter worth $2,094,000. Avior Wealth Management LLC lifted its stake in shares of SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of SentinelOne in the 3rd quarter worth $8,800,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.