SentinelOne Inc’s filing revealed that its Director PEEK MARK S acquired Company’s shares for reported $0.22 million on Apr 03 ’24. In the deal valued at $22.36 per share,10,000 shares were bought. As a result of this transaction, PEEK MARK S now holds 80,000 shares worth roughly $1.81 million.
Then, Insight Holdings Group, LLC sold 91,895 shares, generating $2,122,774 in total proceeds. Upon selling the shares at $23.10, the 10% Owner now owns 92,501 shares.
Before that, Insight Holdings Group, LLC sold 8,566 shares. SentinelOne Inc shares valued at $197,875 were divested by the 10% Owner at a price of $23.10 per share. As a result of the transaction, Insight Holdings Group, LLC now holds 5,025 shares, worth roughly $0.11 million.
Needham reiterated its SentinelOne Inc [S] rating to a Buy in a research note published on March 12, 2024; the price target was $31. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. BTIG Research also remained covering S and has increased its forecast on January 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Bernstein started covering the stock on January 18, 2024. It rated S as “an Outperform”.
Price Performance Review of S
On Friday, SentinelOne Inc [NYSE:S] saw its stock jump 3.39% to $22.60. Over the last five days, the stock has lost -3.05%. SentinelOne Inc shares have fallen nearly -17.64% since the year began. Nevertheless, the stocks have risen 33.97% over the past one year. While a 52-week high of $30.76 was reached on 02/14/24, a 52-week low of $12.43 was recorded on 04/04/24. SMA at 50 days reached $26.20, while 200 days put it at $20.21. A total of 5.57 million shares were traded, compared to the trading of 4.32 million shares in the previous session.
Levels Of Support And Resistance For S Stock
The 24-hour chart illustrates a support level at 22.09, which if violated will result in even more drops to 21.58. On the upside, there is a resistance level at 22.92. A further resistance level may holdings at 23.24. The Relative Strength Index (RSI) on the 14-day chart is 40.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.23%. Stochastics %K at 20.28% indicates the stock is a holding.
How much short interest is there in SentinelOne Inc?
A steep rise in short interest was recorded in SentinelOne Inc stocks on Mar 15, 2024, growing by 0.54 million shares to a total of 10.54 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.0 million shares. There was a rise of 5.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.33% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.4.
The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $35 price target.
