Stock Traders Purchase High Volume of Call Options on SentinelOne (NYSE:S)

by · The Cerbat Gem

SentinelOne, Inc. (NYSE:S – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders purchased 23,656 call options on the company. This is an increase of approximately 79% compared to the average daily volume of 13,212 call options.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on S shares. Morgan Stanley dropped their target price on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Canaccord Genuity Group lowered their price target on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. Wedbush reduced their target price on SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Citigroup restated a “market outperform” rating on shares of SentinelOne in a research note on Friday, December 5th. Finally, Berenberg Bank initiated coverage on shares of SentinelOne in a research report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on 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 Analysis on S

Insider Buying and Selling at SentinelOne

In other news, CFO Barbara A. Larson sold 54,583 shares of SentinelOne stock in a transaction on Monday, October 6th. The stock was sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer directly owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Keenan Michael Conder sold 8,311 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $14.58, for a total value of $121,174.38. Following the transaction, the insider directly owned 565,225 shares of the company’s stock, valued at approximately $8,240,980.50. This represents a 1.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 267,475 shares of company stock valued at $4,481,668 over the last ninety days. 4.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in SentinelOne by 27.2% during the first quarter. Cetera Investment Advisers now owns 49,575 shares of the company’s stock valued at $901,000 after purchasing an additional 10,616 shares during the period. LPL Financial LLC lifted its position in shares of SentinelOne by 2.3% during the 1st quarter. LPL Financial LLC now owns 130,558 shares of the company’s stock valued at $2,374,000 after buying an additional 2,892 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of SentinelOne by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock worth $567,214,000 after acquiring an additional 1,318,533 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in SentinelOne by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,648,740 shares of the company’s stock worth $48,154,000 after acquiring an additional 10,543 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in SentinelOne by 3.0% in the 1st quarter. Deutsche Bank AG now owns 900,381 shares of the company’s stock worth $16,369,000 after acquiring an additional 26,528 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

SentinelOne Price Performance

Shares of S traded down $0.09 during trading hours on Thursday, hitting $15.15. The stock had a trading volume of 8,949,973 shares, compared to its average volume of 6,117,774. SentinelOne has a 1-year low of $14.48 and a 1-year high of $25.24. The firm has a market capitalization of $5.05 billion, a P/E ratio of -12.15 and a beta of 0.76. The firm has a 50 day simple moving average of $16.77 and a 200-day simple moving average of $17.56.

SentinelOne (NYSE:S – Get Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $258.91 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.25) earnings per share. Equities analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

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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