SentinelOne Inc (NYSE: S) Surprises Bears, Looks Strong Going Forward

In the latest trading session, 2.41 million SentinelOne Inc (NYSE:S) shares changed hands as the company’s beta touched 0.73. With the company’s most recent per share price at $28.75 changed hands at -$0.95 or -3.20% at last look, the market valuation stands at $8.59B. S’s current price is a discount, trading about -5.46% off its 52-week high of $30.32. The share price had its 52-week low at $12.43, which suggests the last value was 56.77% up since then. When we look at SentinelOne Inc’s average trading volume, we note the 10-day average is 5.21 million shares, with the 3-month average coming to 2.11.

SentinelOne Inc (NYSE:S) trade information

Instantly S was in red as seen in intraday trades today. With action 4.70%, the performance over the past five days has been green. The drop to weekly highs of 30.32 subtracted -3.20% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.77%, with the 5-day performance at 4.70% in the green. However, in the 30-day time frame, SentinelOne Inc (NYSE:S) is 13.50% up. Looking at the short shares, we see there were 9.53 million shares sold at short interest cover period of 1.55 days.

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SentinelOne Inc (S) estimates and forecasts

Data shows that the SentinelOne Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 89.64% over the past 6 months, a 57.14% in annual growth rate that is considerably higher than the industry average of 5.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for SentinelOne Inc will rise 69.20%, while the growth in revenue is estimated to hit 80.00% for the next quarter. Year-over-year growth is forecast to reach 45.90% up from the last financial year.

Consensus estimates given by 28 financial analysts project the company’s revenue in the current quarter to hit an average of $169.28 million. 24 analysts are of the opinion that SentinelOne Inc’s revenue for the quarter ending Apr 2024 will be $180.64 million. The company’s revenue for the corresponding quarters a year ago was $126.1 million and $133.39 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 34.20%. The estimates for the next quarter sales put growth at 35.40%.

SentinelOne Inc (NYSE:S)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.31% of SentinelOne Inc shares while 79.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.32%. There are 79.08% institutions holding the SentinelOne Inc stock share, with Insight Holdings Group, LLC the top institutional holder. As of Jun 29, 2023, the company held 14.31% of the shares, roughly 34.65 million S shares worth $523.16 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 9.31% or 22.54 million shares worth $340.35 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were First Trust NASDAQ Cybersecurity ETF and Vanguard Total Stock Market Index Fund. With 8.8 million shares estimated at $148.45 million under it, the former controlled 3.64% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.91% of the shares, roughly 7.04 million shares worth around $106.3 million.

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