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

SentinelOne, Inc. (NYSE:S) insider Ric Smith sold 31,659 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the sale, the insider now directly owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ric Smith also recently made the following trade(s):

• On Thursday, March 6th, Ric Smith sold 20,188 shares of SentinelOne stock. The shares were sold at an average price of $19.55, for a total value of $394,675.40.
• On Tuesday, February 25th, Ric Smith sold 14,584 shares of SentinelOne stock. The shares were sold at an average price of $20.96, for a total value of $305,680.64.
• On Thursday, February 6th, Ric Smith sold 2,341 shares of SentinelOne stock. The shares were 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 shares were 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 stock was sold at an average price of $22.75, for a total value of $331,763.25.

SentinelOne Stock Performance

S stock traded up $0.11 during midday trading on Wednesday, reaching $19.48. 5,337,141 shares of the company traded hands, compared to its average volume of 4,846,852. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The business has a 50 day moving average of $22.07 and a 200-day moving average of $23.87. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of -20.72 and a beta of 0.78.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC raised its holdings in shares of SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock worth $764,000 after buying an additional 478 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock worth $365,000 after buying an additional 724 shares during the period. Avior Wealth Management LLC grew its stake in SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares in the last quarter. Finally, Bullseye Asset Management LLC grew its stake in SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on S. Citigroup lowered their target price on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Oppenheimer began coverage on SentinelOne in a research note on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price for the company. Piper Sandler lowered their target price on SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their target price on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price target on SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Seven equities 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.33.

SentinelOne Company Profile

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.