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

SentinelOne, Inc. (NYSE:S) was the target of unusually large options trading activity on Wednesday. Traders bought 14,061 call options on the stock. This is an increase of approximately 54% compared to the typical daily volume of 9,117 call options.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on S. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. The Goldman Sachs Group restated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Barclays increased their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley restated an “equal weight” rating and set a $29.00 price objective on shares of SentinelOne in a research report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Stock Performance

S opened at $28.67 on Thursday. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of -29.62 and a beta of 0.67. The company has a fifty day moving average of $26.16 and a 200 day moving average of $23.08. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) earnings per share. On average, equities research analysts forecast that SentinelOne will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 11,222 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the transaction, the chief financial officer now owns 477,781 shares in the company, valued at approximately $10,224,513.40. This represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,541 shares of company stock valued at $10,032,448 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC bought a new position in SentinelOne during the third quarter valued at $26,000. Blue Trust Inc. bought a new position in SentinelOne during the second quarter valued at $27,000. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in SentinelOne during the second quarter valued at $49,000. Finally, Capital Performance Advisors LLP bought a new position in SentinelOne during the third quarter valued at $55,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.