SentinelOne (NYSE:S) Shares Gap Down – Here’s Why

SentinelOne, Inc. (NYSE:S) gapped down prior to trading on Friday . The stock had previously closed at $27.36, but opened at $26.56. SentinelOne shares last traded at $26.57, with a volume of 419,014 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on S shares. Robert W. Baird boosted their price target on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. DA Davidson upped their price target on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Susquehanna lifted their price objective on SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, BTIG Research raised their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Trading Down 3.8 %

The stock has a fifty day moving average of $25.04 and a two-hundred day moving average of $22.51.

SentinelOne (NYSE:S) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. Analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, CAO Robin Tomasello sold 5,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the sale, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 432,125 shares of company stock worth $10,367,734. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently bought and sold shares of the business. Waldron Private Wealth LLC purchased a new stake in shares of SentinelOne during the third quarter valued at approximately $26,000. Blue Trust Inc. acquired a new stake in shares of SentinelOne during the second quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its position in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its stake in shares of SentinelOne by 56.0% in the second 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 acquired a new stake in SentinelOne during the 2nd quarter valued at approximately $49,000. 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.