The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SentinelOne Inc shares valued at $223,596 were purchased by PEEK MARK S on Apr 03 ’24. At $22.36 per share, PEEK MARK S acquired 10,000 shares. The insider’s holdings grew to 80,000 shares worth approximately $1.77 million following the completion of this transaction.
Also, Insight Holdings Group, LLC sold 91,895 shares, netting a total of over 2,122,774 in proceeds. Following the sale of shares at $23.10 each, the insider now holds 92,501 shares.
Before that, Insight Holdings Group, LLC had sold 8,566 shares from its account. In a trade valued at $197,875, the 10% Owner traded SentinelOne Inc shares for $23.10 each. Upon closing the transaction, the insider’s holdings decreased to 8,566 shares, worth approximately $0.11 million.
As published in a research note from Needham on March 12, 2024, SentinelOne Inc [S] has been retained to a Buy and the price target has been revised to $31. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of January 22, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for S. Earlier on January 18, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for S stock.
Analyzing S Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, SentinelOne Inc shares have dropped approximately -19.28%. Shares of the company reached a 52-week high of $30.76 on 02/14/24 and a 52-week low of $21.64 on 04/10/24. A 50-day SMA is recorded $25.94, while a 200-day SMA reached $20.32. Nevertheless, trading volume fell to 3.42 million shares from 4.28 million shares the previous day.
Support And Resistance Levels for SentinelOne Inc (S)
According to the 24-hour chart, there is a support level at 21.74, which, if violated, would cause prices to drop to 21.33. In the upper region, resistance lies at 22.47. The next price resistance is at 22.78. RSI (Relative Strength Index) is 38.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 78.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is SentinelOne Inc subject to short interest?
Stocks of SentinelOne Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.54 million shares to 10.54 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 10.0 million shares. A jump of 5.12% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.4 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.4.
