SentinelOne has recently experienced insider trading activity, with company insiders selling a total of 358,135 shares over the past 90 days, amounting to approximately $8.76 million. Insiders currently hold about 5.60% of the company's stock.
Notably, an insider named Ric Smith sold 14,583 shares on October 25 at an average price of $26.28, resulting in a transaction valued at $383,241. Following this sale, Smith's ownership decreased by 2.43%. In addition, CEO Tomer Weingarten sold 70,655 shares on November 11 for $1.95 million, representing a 6.48% reduction in his holdings.
On the institutional front, several hedge funds and institutional investors have made adjustments to their positions in SentinelOne. Waldron Private Wealth LLC entered a new position during the third quarter, investing around $26,000. Modus Advisors LLC and Capital Performance Advisors LLP also acquired new stakes valued at approximately $48,000 and $55,000, respectively.
Collectively, institutional investors and hedge funds own about 90.87% of SentinelOne's stock.
SentinelOne recently received a downgrade from UBS Group, which changed its rating from "buy" to "neutral" and lowered its target price from $30.00 to $25.00. Other analysts have also weighed in, with Barclays reducing its price objective from $30.00 to $28.00 while maintaining an "equal weight" rating. Conversely, Needham & Company reiterated a "buy" rating with a target price of $32.00, and Guggenheim also restated a "buy" rating with a price objective of $31.00.
The stock has shown volatility, opening at $21.70 recently, with a one-year low of $14.33 and a high of $30.76. The market capitalization stands at approximately $6.97 billion, with a PE ratio of -23.09 and a beta of 0.74. The stock's 50-day moving average is $24.95, while the 200-day moving average is $23.92. Analysts predict that SentinelOne will post an EPS of -0.76 for the current fiscal year.
In its latest earnings report, SentinelOne reported a loss of $0.21 per share, missing analysts' consensus estimates of a $0.01 profit. The company reported revenue of $210.60 million for the quarter, slightly exceeding analyst expectations of $209.73 million. Despite the revenue growth of 28.3% year-over-year, the firm continues to grapple with a negative return on equity of 15.80% and a net margin of -37.61%. SentinelOne's Singularity Platform aims to provide advanced threat prevention, detection, and response capabilities powered by artificial intelligence. However, the company's financial performance and stock ratings suggest that investors remain cautious.
The current market sentiment reflects a mix of optimism and caution, as institutional investors continue to show interest while analysts express varying degrees of confidence in the company's future performance. SentinelOne's ability to innovate and adapt will be crucial in maintaining investor interest and achieving long-term success in the competitive cybersecurity sector.