Needham has recently reiterated SentinelOne Inc (S) stock to Buy rating, as announced on August 26, 2024, according to Finviz. Earlier, on August 22, 2024, Wells Fargo had raised the stock from a Equal Weight to Overweight, setting a price target of $29 for S stock. Robert W. Baird also initiated Outperform rating with a price target of $25. Additionally, Canaccord Genuity raised Buy rating on June 4, 2024, with a target price of $23. Needham analysts, in their report published on March 12, 2024, also reiterated Buy rating and set a price target of $28 for SentinelOne Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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SentinelOne Inc (S) Stock Trading Recap
On Tuesday, SentinelOne Inc (S) stock saw a decline, ending the day at $22.88 which represents a decrease of $-1.04 or -4.35% from the prior close of $23.92. The stock opened at $23.95 and touched a low of $22.85 during the day, reaching a high of $24.01. The volume of shares traded was 4.19 million falling short of the average volume of 5.45 million.
S Stock Performance and Moving Averages
In recent trading, SentinelOne Inc (S) stock price has shown some volatility, fluctuating -5.65% over the last five trades and -2.89% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 1.46%, and it has gained 11.83% in the previous three months. Currently, S is trading at -2.13%, -1.13%, and -1.73% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, S, a Technology sector stock, is trading -25.62% below its 52-week high but remains 59.67% above its 52-week low. The Average True Range (ATR) (14 days) of 0.91 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
SentinelOne Inc’s Profitability and Valuation Ratios
SentinelOne Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -44.25% and a profit margin of -38.91%, with a gross margin of 1.46%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, SentinelOne Inc’s market capitalization stands at $7.26 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 111.91. Additionally, the Price-to-Sales Ratio is 10.03, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.42, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 15.61% of SentinelOne Inc (S)’s shares, while financial institutions hold 63.59%.
Notable insider trades include Smith Ric, CPO and CTO at SentinelOne Inc (S), who sold 14583 shares on Sep 25 ’24, at $24.2 each, totaling $0.35 million. On Sep 13 ’24, Weingarten Tomer, President, CEO, sold 60864 shares for $22.57 each, amounting to $1.37 million. Additionally, on Sep 11 ’24, Weingarten Tomer sold 82116 shares at $21.6 each, generating $1.77 million.
