SentinelOne CEO Tomer Weingarten Sells Over $1.5 Million in Stock

On October 9th, Tomer Weingarten, the CEO of SentinelOne, Inc. (NYSE:S - Get Free Report), executed a significant stock sale. He sold 60,864 shares of the company's stock at an average price of $25.30, resulting in a total transaction value of $1,539,859.20. Following this sale, Weingarten retains ownership of 1,039,497 shares in SentinelOne, which is currently valued at about $26,299,274.10. This latest transaction indicates a 0.00% change in his stock ownership.

Recent Stock Transactions by CEO Tomer Weingarten

This recent sale is part of a series of stock transactions made by Weingarten. On October 7th, he sold 60,864 shares for about $1,425,434.88 at an average price of $23.42. Prior to that, on September 11th, he sold 82,116 shares for $1,773,705.60 at $21.60 per share. Other notable sales include:

• On September 6th, sold 38,607 shares for $880,239.60 at an average price of $22.80.
• On August 12th, sold 60,864 shares for $1,306,750.08 at an average price of $21.47.
• On August 8th, sold 60,864 shares for $1,288,490.88 at an average price of $21.17.
• On August 6th, sold 10,165 shares for $208,992.40 at an average price of $20.56.
• On July 18th, sold 60,864 shares for $1,250,146.56 at an average price of $20.54.
• On July 16th, sold 60,864 shares for $1,328,661.12 at an average price of $21.83.

Current Stock Performance

The stock of SentinelOne opened at $25.71 on the Friday following Weingarten's latest sale. The company's 50-day moving average stands at $23.41, while the 200-day moving average is at $21.74. The stock has experienced a 12-month low of $14.33 and a high of $30.76. With a market cap of $8.04 billion, SentinelOne has a PE ratio of -25.21 and a beta of 0.67.

Latest Earnings Report

SentinelOne reported its quarterly earnings on August 27th, declaring earnings per share of $0.01. The company had a negative net margin of 38.91% and a return on equity of -15.42%. For the quarter, SentinelOne's revenue reached $198.94 million, slightly exceeding analyst expectations of $197.32 million and marking a 33.1% increase year-over-year from the previous year’s quarter when it posted ($0.26) EPS.

Analyst Ratings and Predictions

Several analysts have recently provided insights on SentinelOne's performance. Sanford C. Bernstein reduced its target price for SentinelOne from $37.00 to $32.00 while maintaining an "outperform" rating. Westpark Capital reiterated a "buy" rating with a target of $34.00. Other analysts like DA Davidson and Robert W. Baird have made slight adjustments to their target prices, reflecting a generally optimistic view on the stock. Overall, analysts have a consensus rating of "Moderate Buy" with an average price target of $27.83.

Institutional Investments in SentinelOne

A significant portion of SentinelOne’s stock is held by institutional investors. Recently, several hedge funds have adjusted their positions in the company. Allspring Global Investments Holdings LLC increased its stake by 49.1% in the second quarter. Sugarloaf Wealth Management also boosted its holdings by 56.0%, while other firms like Advisors Asset Management and Archford Capital Strategies have made varying adjustments to their portfolios. Currently, 90.87% of SentinelOne's stock is owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc. is a provider of cybersecurity solutions, both domestically and internationally. Its Singularity Platform employs artificial intelligence to provide autonomous threat prevention, detection, and response across endpoints, cloud workloads, and identity credentials, ensuring comprehensive protection against various cyber threats.

CEO, Stock, Sale