SentinelOne Sees Unusually Large Options Volume (NYSE:S)

SentinelOne, Inc. (NYSE:S) was the target of some unusual options trading activity on Monday. Stock investors purchased 24,562 call options on the company. This represents an increase of approximately 93% compared to the average volume of 12,720 call options.

SentinelOne Stock Down 1.9%

S stock traded down $0.26 during midday trading on Monday, reaching $12.97. The stock had a trading volume of 10,869,538 shares, compared to its average volume of 8,519,869. SentinelOne has a twelve month low of $12.43 and a twelve month high of $25.24. The business has a fifty day simple moving average of $14.73 and a two-hundred day simple moving average of $16.48. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of -10.40 and a beta of 0.77.

SentinelOne (NYSE:S) last released its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm 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 firm posted ($0.25) earnings per share. On average, equities analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ana G. Pinczuk sold 11,900 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $176,358.00. Following the completion of the transaction, the insider directly owned 560,589 shares of the company’s stock, valued at $8,307,928.98. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark S. Peek purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of $14.89 per share, with a total value of $595,600.00. Following the purchase, the director owned 120,000 shares of the company’s stock, valued at approximately $1,786,800. This represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 292,222 shares of company stock worth $4,317,590 over the last quarter. 4.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Woodline Partners LP bought a new position in shares of SentinelOne in the 1st quarter valued at $382,000. Focus Partners Wealth bought a new position in shares of SentinelOne during the 1st quarter worth approximately $346,000. Janney Montgomery Scott LLC acquired a new position in shares of SentinelOne during the second quarter valued at about $776,000. KLP Kapitalforvaltning AS grew its stake in SentinelOne by 9.6% in the second quarter. KLP Kapitalforvaltning AS now owns 61,800 shares of the company’s stock valued at $1,130,000 after acquiring an additional 5,435 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of SentinelOne by 20.0% in the second quarter. IFP Advisors Inc now owns 9,550 shares of the company’s stock valued at $175,000 after buying an additional 1,591 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on S. JPMorgan Chase & Co. dropped their price target on SentinelOne from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Berenberg Bank initiated coverage on SentinelOne in a research note on Tuesday, November 18th. They issued a “buy” rating and a $25.00 target price on the stock. Guggenheim reiterated a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a report on Friday, December 5th. Bank of America lowered their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, Cantor Fitzgerald reduced their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.72.

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.