SentinelOne, Inc. (NYSE:S) Insider Ric Smith Sells 31,659 Shares

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 31,659 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the transaction, the insider now directly owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. The trade was a 6.22 % decrease in their position. The transaction 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 6th, Ric Smith sold 20,188 shares of SentinelOne stock. The stock was 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 transaction 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.
• On Monday, January 27th, Ric Smith sold 14,583 shares of SentinelOne stock. The stock was sold at an average price of $23.29, for a total value of $339,638.07.
• On Thursday, December 26th, Ric Smith sold 14,583 shares of SentinelOne stock. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25.

SentinelOne Stock Performance

NYSE S opened at $19.48 on Thursday. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market cap of $6.26 billion, a PE ratio of -20.72 and a beta of 0.78. The firm has a 50-day simple moving average of $22.07 and a 200 day simple moving average of $23.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Scotiabank reduced their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Morgan Stanley assumed coverage on SentinelOne in a research note on Tuesday. They set an “equal weight” rating and a $20.00 target price on the stock. Piper Sandler reduced their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Bank of America lowered their price objective on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of SentinelOne from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.33.

Institutional Trading of SentinelOne

Several institutional investors have recently modified their holdings of S. KBC Group NV grew its stake in shares of SentinelOne by 778.0% in the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares during the period. Erste Asset Management GmbH bought a new stake in shares of SentinelOne in the 3rd quarter worth about $4,816,000. Charles Schwab Investment Management Inc. increased its position in shares of SentinelOne by 55.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after purchasing an additional 921,572 shares in the last quarter. Carnegie Investment Counsel bought a new position in SentinelOne during the 4th quarter valued at about $7,167,000. Finally, Banco Santander S.A. acquired a new position in SentinelOne in the third quarter valued at about $5,002,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.