This trade activity should not be overlooked: SentinelOne Inc. (S)

SentinelOne Inc. (NYSE: S) stock jumped 1.26% on Thursday to $20.13 against a previous-day closing price of $19.88. With 4.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.63 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $20.94 whereas the lowest price it dropped to was $19.78. The 52-week range on S shows that it touched its highest point at $30.00 and its lowest point at $12.69 during that stretch. It currently has a 1-year price target of $21.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of S was up-trending over the past week, with a rise of 5.12%, but this was up by 19.96% over a month. Three-month performance surged to 30.21% while six-month performance rose 23.27%. The stock lost -8.87% in the past year, while it has gained 37.97% so far this year. A look at the trailing 12-month EPS for S yields -1.33 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.14. This implies an EPS growth rate of -31.70% for this year and 98.00% for next year.

Float and Shares Shorts:

At present, 319.45 million S shares are outstanding with a float of 229.71 million shares on hand for trading. On Apr 27, 2023, short shares totaled 14.94 million, which was 5.18% higher than short shares on Mar 30, 2023. In addition to Mr. Tomer Weingarten as the firm’s Co-Founder, Chairman, Pres & CEO, Mr. Richard Smith Jr. serves as its Chief Technology Officer.

Institutional Ownership:

Through their ownership of 63.57% of S’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.01% of S, in contrast to 3.37% held by mutual funds. Shares owned by individuals account for 27.72%. As the largest shareholder in S with 8.24% of the stake, The Vanguard Group, Inc. holds 19,372,081 shares worth 19,372,081. A second-largest stockholder of S, Sylebra Capital Ltd., holds 10,499,060 shares, controlling over 4.47% of the firm’s shares. Anchorage Capital Group LLC is the third largest shareholder in S, holding 9,867,053 shares or 4.20% stake. With a 2.71% stake in S, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 6,361,621 shares are owned by the mutual fund manager. The Legal & General UCITS ETF PLC – C, which owns about 2.64% of S stock, is the second-largest Mutual Fund holder. It holds 6,213,419 shares valued at 99.85 million. Vanguard Small Cap Index Fund holds 2.27% of the stake in S, owning 5,342,579 shares worth 85.86 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, S reported revenue of $78.25M and operating income of -$90.30M. The EBITDA in the recently reported quarter was -$87.40M and diluted EPS was -$0.33.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for S since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With S analysts setting a high price target of $35.00 and a low target of $14.00, the average target price over the next 12 months is $20.92. Based on these targets, S could surge 73.87% to reach the target high and fall by -30.45% to reach the target low. Reaching the average price target will result in a growth of 3.92% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded S stock several times over the past three months with 8 Buys and 12 Sells. In these transactions, 325,078 shares were bought while 399,863 shares were sold. The number of buy transactions has increased to 44 while that of sell transactions has risen to 52 over the past year. The total number of shares bought during that period was 4,199,312 while 4,822,451 shares were sold.

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