SentinelOne, Inc. (NYSE:S - Get Free Report) major shareholder Insight Holdings Group, Llc sold 8,566 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the transaction, the insider now directly owns 5,025 shares in the company, valued at $116,077.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Insight Holdings Group, Llc also recently made the following trade(s):
- On Friday, January 5th, Insight Holdings Group, Llc sold 517,103 shares of SentinelOne stock. The shares were sold at an average price of $22.76, for a total transaction of $11,769,264.28.
SentinelOne Stock Performance
Shares of SentinelOne stock opened at $22.34 on Thursday. The stock's 50-day moving average is $26.36 and its 200-day moving average is $22.34. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $30.76.
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SentinelOne (NYSE:S - Get Free Report) last announced its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The business had revenue of $174.18 million for the quarter, compared to analyst estimates of $169.40 million. During the same quarter last year, the firm earned ($0.30) EPS. SentinelOne's revenue for the quarter was up 38.1% compared to the same quarter last year. Equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.
Institutional Trading of SentinelOne
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in shares of SentinelOne by 20.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company's stock valued at $335,000 after acquiring an additional 1,439 shares in the last quarter. ProShare Advisors LLC bought a new position in SentinelOne in the first quarter valued at approximately $286,000. Bank of New York Mellon Corp increased its position in shares of SentinelOne by 547.1% during the 1st quarter. Bank of New York Mellon Corp now owns 478,107 shares of the company's stock worth $18,521,000 after purchasing an additional 404,220 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of SentinelOne during the 1st quarter worth approximately $212,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of SentinelOne in the 1st quarter valued at approximately $108,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $33.00 price objective on shares of SentinelOne in a research note on Monday. Guggenheim boosted their target price on SentinelOne from $26.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Morgan Stanley upped their price target on SentinelOne from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Thursday, March 14th. Loop Capital lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. Finally, StockNews.com upgraded shares of SentinelOne to a "sell" rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.04.
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About SentinelOne
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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.
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