SentinelOne, Inc. (NYSE:S – Get Free Report) CEO Tomer Weingarten sold 53,811 shares of SentinelOne stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.08, for a total transaction of $1,080,524.88. Following the transaction, the chief executive officer owned 1,840,586 shares in the company, valued at approximately $36,958,966.88. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Tomer Weingarten also recently made the following trade(s):
- On Friday, July 31st, Tomer Weingarten sold 57,941 shares of SentinelOne stock. The shares were sold at an average price of $18.75, for a total value of $1,086,393.75.
- On Wednesday, July 1st, Tomer Weingarten sold 57,941 shares of SentinelOne stock. The stock was sold at an average price of $17.71, for a total value of $1,026,135.11.
- On Monday, June 15th, Tomer Weingarten sold 57,941 shares of SentinelOne stock. The stock was sold at an average price of $15.21, for a total value of $881,282.61.
- On Thursday, June 11th, Tomer Weingarten sold 57,296 shares of SentinelOne stock. The shares were sold at an average price of $14.60, for a total value of $836,521.60.
- On Monday, June 8th, Tomer Weingarten sold 39,118 shares of SentinelOne stock. The shares were sold at an average price of $15.73, for a total value of $615,326.14.
SentinelOne Stock Performance
Shares of S traded up $0.60 during mid-day trading on Friday, reaching $21.36. 5,991,110 shares of the company were exchanged, compared to its average volume of 8,003,759. SentinelOne, Inc. has a 52 week low of $11.81 and a 52 week high of $21.51. The stock has a market capitalization of $7.32 billion, a PE ratio of -22.25 and a beta of 0.79. The business has a 50 day simple moving average of $17.36 and a two-hundred day simple moving average of $15.42.
Institutional Trading of SentinelOne
Several hedge funds have recently modified their holdings of the stock. Allied Private Wealth LLC acquired a new position in shares of SentinelOne during the 2nd quarter valued at $25,000. Allworth Financial LP boosted its stake in SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares in the last quarter. Danske Bank A S acquired a new stake in SentinelOne in the third quarter worth $26,000. Assetmark Inc. grew its holdings in SentinelOne by 700.8% in the fourth quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock worth $29,000 after purchasing an additional 1,668 shares during the period. Finally, Spurstone Advisory Services LLC increased its stake in SentinelOne by 66.7% in the fourth quarter. Spurstone Advisory Services LLC now owns 2,500 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of SentinelOne from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Wolfe Research set a $20.00 target price on shares of SentinelOne in a research note on Friday, May 29th. JPMorgan Chase & Co. upped their price target on shares of SentinelOne from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of SentinelOne in a report on Friday, May 29th. Finally, Jefferies Financial Group increased their price target on SentinelOne from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average target price of $19.93.
About SentinelOne
SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.
The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.
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