What’s Driving SentinelOne Inc (S) Stock’s 5.47% Surge Over the Past Month?

Needham has recently resumed SentinelOne Inc (S) stock to Buy rating, as announced on October 17, 2024, according to Finviz. Earlier, on October 14, 2024, Piper Sandler had raised the stock from a Neutral to Overweight, setting a price target of $32 for S stock. Needham also reiterated Buy rating with a price target of $29. Additionally, Wells Fargo raised Overweight rating on August 22, 2024, with a target price of $29. Robert W. Baird analysts, in their report published on July 15, 2024, also initiated Outperform rating for SentinelOne Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

SentinelOne Inc (S) Stock Trading Recap

On Monday, SentinelOne Inc (S) stock saw a decline, ending the day at $25.47 which represents a decrease of $-0.54 or -2.08% from the prior close of $26.01. The stock opened at $25.9 and touched a low of $25.32 during the day, reaching a high of $25.96. The volume of shares traded was 2.37 million falling short of the average volume of 4.34 million.


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S Stock Performance and Moving Averages

In recent trading, SentinelOne Inc (S) stock price has shown some volatility, fluctuating -2.38% over the last five trades and 5.47% 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 17.43%, and it has gained 22.98% in the previous three months. Currently, S is trading at -1.70%, 4.03%, and 9.57% 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 -17.20% below its 52-week high but remains 77.74% above its 52-week low. The Average True Range (ATR) (14 days) of 0.89 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 17.43%. 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 $8.15 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 126.11. Additionally, the Price-to-Sales Ratio is 11.26, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.93, 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 64.31%.

Notable insider trades include Smith Ric, President, Prod Tech & Ops at SentinelOne Inc (S), who sold 14583 shares on Oct 25 ’24, at $26.28 each, totaling $0.38 million. On Oct 09 ’24, Weingarten Tomer, President, CEO, sold 60864 shares for $25.3 each, amounting to $1.54 million. Additionally, on Oct 08 ’24, Weingarten Tomer sold 60864 shares at $24.31 each, generating $1.48 million.

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