Key Points
- Insider sale: Keenan Michael Conder sold 8,311 shares on December 8 at an average price of $14.58 for about $121,174, reducing his stake by 1.45% to 565,225 shares (he also sold 5,871 shares on Nov. 6).
- Quarterly results: SentinelOne beat estimates with $0.07 EPS vs. $0.05 expected and revenue of $258.9M (up 22.9% YoY), but remains unprofitable with a -43.04% net margin and negative ROE.
- Market and analyst view: The stock trades near $15 with a $5.02B market cap, institutional ownership ~90.9%, and a consensus rating of "Moderate Buy" with an average target of $22.43 amid several recent downward price-target revisions.
SentinelOne, Inc. (NYSE:S - Get Free Report) insider Keenan Michael Conder sold 8,311 shares of the business's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $121,174.38. Following the sale, the insider directly owned 565,225 shares of the company's stock, valued at $8,240,980.50. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Keenan Michael Conder also recently made the following trade(s):
- On Thursday, November 6th, Keenan Michael Conder sold 5,871 shares of SentinelOne stock. The stock was sold at an average price of $16.56, for a total value of $97,223.76.
SentinelOne Trading Down 1.4%
Shares of SentinelOne stock opened at $15.03 on Thursday. The business's fifty day moving average price is $16.77 and its 200 day moving average price is $17.56. SentinelOne, Inc. has a twelve month low of $14.48 and a twelve month high of $25.24. The stock has a market capitalization of $5.02 billion, a P/E ratio of -12.02 and a beta of 0.76.
SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $258.91 million for the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business posted ($0.25) EPS. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on S. Cowen reaffirmed a "buy" rating on shares of SentinelOne in a research report on Friday, December 5th. Wedbush reduced their target price on shares of SentinelOne from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, December 5th. Barclays decreased their price target on shares of SentinelOne from $21.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 19th. DA Davidson cut their price objective on SentinelOne from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, December 5th. Finally, Bank of America reduced their price objective on SentinelOne from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.43.
Read Our Latest Research Report on S
Institutional Trading of SentinelOne
Several institutional investors have recently added to or reduced their stakes in S. Allworth Financial LP boosted its stake in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company's stock valued at $25,000 after acquiring an additional 726 shares during the last quarter. IFP Advisors Inc raised its stake in shares of SentinelOne by 42.4% in the 3rd quarter. IFP Advisors Inc now owns 13,599 shares of the company's stock valued at $239,000 after purchasing an additional 4,049 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new stake in shares of SentinelOne in the 3rd quarter valued at about $239,000. Strategic Advocates LLC bought a new position in shares of SentinelOne during the third quarter worth about $26,000. Finally, Sunbelt Securities Inc. grew its stake in SentinelOne by 263.4% in the third quarter. Sunbelt Securities Inc. now owns 15,717 shares of the company's stock worth $277,000 after purchasing an additional 11,392 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.
About SentinelOne
(
Get Free Report)
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.
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