Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SentinelOne Inc shares valued at $1,311,193 were sold by Weingarten Tomer on May 13 ’24. At $21.54 per share, Weingarten Tomer sold 60,864 shares. The insider’s holdings dropped to 1,179,171 shares worth approximately $22.9 million following the completion of this transaction.
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Also, Weingarten Tomer sold 60,864 shares, netting a total of over 1,283,999 in proceeds. Following the sale of shares at $21.10 each, the insider now holds 1,179,171 shares.
Before that, Weingarten Tomer had sold 91,914 shares from its account. In a trade valued at $1,943,522, the President, CEO traded SentinelOne Inc shares for $21.14 each. Upon closing the transaction, the insider’s holdings decreased to 91,914 shares, worth approximately $22.97 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 -12.48%. Over the course of the year, SentinelOne Inc shares have dropped approximately -29.23%. Shares of the company reached a 52-week high of $30.76 on 02/14/24 and a 52-week low of $19.24 on 05/30/24. A 50-day SMA is recorded $21.76, while a 200-day SMA reached $21.41. Nevertheless, trading volume fell to 9.28 million shares from 4.91 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 18.99, which, if violated, would cause prices to drop to 18.56. In the upper region, resistance lies at 20.09. The next price resistance is at 20.77. RSI (Relative Strength Index) is 31.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 94.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
