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 that occurred on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the transaction, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. This represents a 8.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was 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 value of $1,370,657.28.

SentinelOne Stock Down 0.5 %

SentinelOne stock opened at $19.27 on Friday. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The business has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $23.81. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of -20.50 and a beta of 0.78.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in SentinelOne by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 259,147 shares of the company’s stock worth $5,753,000 after buying an additional 1,210 shares in the last quarter. Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after purchasing an additional 564,327 shares in the last quarter. Brooklyn FI LLC boosted its holdings in shares of SentinelOne by 1,688.9% in the 4th quarter. Brooklyn FI LLC now owns 161,000 shares of the company’s stock worth $3,574,000 after purchasing an additional 152,000 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of SentinelOne in the 4th quarter worth about $97,000. Finally, Castleark Management LLC purchased a new position in shares of SentinelOne in the 4th quarter worth about $6,591,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America dropped their price target on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Jefferies Financial Group dropped their price target on SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company dropped their price target on SentinelOne from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Susquehanna lowered their target price on SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research note on Thursday, March 13th. Finally, Robert W. Baird lowered their target price on SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.