Cybersecurity has been top of mind for most companies and governments in recent years as ransomware attacks, phishing attacks and denial-of-service (DOS) attacks have increased. The potential disruption to businesses from these kinds of attacks has translated into an increase in cybersecurity spending and there are different companies that help with different aspects of a company’s security infrastructure.

Sentinel One Customers (source: company website)

Welcome to edition 615 of Insider Weekends. Insider buying declined last week with insiders purchasing $64.39 million of stock compared to $113.3 million in the week prior. Selling on the other hand increased to $1.58 billion compared to $1.41 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 24.52. In other words, insiders sold almost 25 times as much stock as they purchased. The Sell/Buy ratio this week was unfavorable compared to the prior week when the ratio stood at 12.43.

Notable Insider Buys:

1. SentinelOne, Inc. (NYSE:S): $37.12

Director Mark S. Peek acquired 30,000 shares of this cybersecurity provider, paying $34.40 per share for a total amount of $1.03 million. These shares were purchased indirectly through a trust.

P/E: N/A Forward P/E: -80.7 Industry P/E: 54.80 P/S: 49.26 Price/Book: 6.08 EV/EBITDA: -32.49 Market Cap: $10.09B Avg. Daily Volume: 4,746,404 52 Week Range: $29.3 – $78.53

2. Rocket Companies, Inc. (NYSE:RKT): $9.39

Chief Executive Officer Jay Farner acquired 61,500 shares of this tech-driven real estate, mortgage, and e-Commerce business, paying $9.72 per share for a total amount of $597,710. Mr. Farner increased his stake by 3.80% to 1,681,707 shares with this purchase.

P/E: 4.04 Forward P/E: 7.34 Industry P/E: 7.45 P/S: 1.42 Price/Book: 1.78 EV/EBITDA: 4.26 Market Cap: $18.66B Avg. Daily Volume: 5,546,503 52 Week Range: $9.342 – $23.33

3. The Pennant Group, Inc. (NASDAQ:PNTG): $16.92

Director Christopher R. Christensen acquired 27,332 shares of this healthcare services provider, paying $16.50 per share for a total amount of $450,958. These shares were purchased indirectly by Hobble Creek Investments, LLC.

P/E: 188 Forward P/E: 20.39 Industry P/E: 23.83 P/S: 1.1 Price/Book: 4.38 EV/EBITDA: 72.23 Market Cap: $482.72M Avg. Daily Volume: 178,269 52 Week Range: $11.38 – $44.23

4. Cadiz Inc. (NASDAQ:CDZI): $1.93

Director Keith Brackpool acquired 200,000 shares of this natural resources development company, paying $1.97 per share for a total amount of $394,440. Mr. Brackpool increased his stake by 11.78% to 1,898,091 shares with this purchase.

P/E: N/A Forward P/E: -3.39 Industry P/E: 28.12 P/S: 173.67 Price/Book: 2.08 EV/EBITDA: -9.11 Market Cap: $97.95M Avg. Daily Volume: 347,943 52 Week Range: $1.66 – $14.69

5. Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY): $45.98

Chief Financial Officer Michael Quartieri acquired 5,000 shares of this entertainment and dining venue, paying $45.28 per share for a total amount of $226,400.

P/E: 20.81 Forward P/E: 12.13 Industry P/E: 1,038.42 P/S: 1.71 Price/Book: 8.09 EV/EBITDA: 11.56 Market Cap: $2.23B Avg. Daily Volume: 1,287,287 52 Week Range: $29.83 – $52.535

Notable Insider Sales:

1. GXO Logistics, Inc. (NYSE:GXO): $59.3

Director Bradley S. Jacobs sold 5,447,500 shares of this supply chain management solutions provider for $57.24, generating $311.81 million from the sale. These shares were sold indirectly by Jacobs Private Equity, LLC.

P/E: 44.92 Forward P/E: 18.42 Industry P/E: 12.97 P/S: 0.86 Price/Book: 2.89 EV/EBITDA: 16 Market Cap: $6.81B Avg. Daily Volume: 1,000,829 52 Week Range: $48.381 – $105.92

2. XPO Logistics, Inc. (NYSE:XPO): $56.78

Chief Executive Officer Bradley S. Jacobs sold 5,447,500 shares of this supply chain management solutions provider for $55.80, generating $303.97 million from the sale. These shares were sold indirectly by Jacobs Private Equity, LLC.

P/E: 19.35 Forward P/E: 10.16 Industry P/E: 52.82 P/S: 0.51 Price/Book: 5.72 EV/EBITDA: 8.67 Market Cap: $6.52B Avg. Daily Volume: 1,716,167 52 Week Range: $56.71 – $90.78

3. Alphabet Inc. (NASDAQ:GOOG): $2545.06

Shares of Alphabet were sold by 2 insiders:

• Director Brin Sergey sold 83,332 shares for $2595.15, generating $216.26 million from the sale.
• Director John L. Hennessy sold 125 shares for $2585.72, generating $323,215 from the sale. These shares were sold indirectly by a trust.

P/E: 22.68 Forward P/E: 18.71 Industry P/E: 21.80 P/S: 6.52 Price/Book: 6.7 EV/EBITDA: 17.68 Market Cap: $1.68T Avg. Daily Volume: 1,547,717 52 Week Range: $2230.05 – $3042

4. Airbnb, Inc. (NASDAQ:ABNB): $170.7

Shares of Airbnb were sold by 2 insiders:

• Chairman – Samara & Airbnb.org Joseph Gebbia sold 250,000 shares for $169.44, generating $42.36 million from the sale. These shares were sold indirectly by a trust.
• Director Belinda J. Johnson sold 20,000 shares for $163.19, generating $3.26 million from the sale.

P/E: N/A Forward P/E: 83.27 Industry P/E: 1,038.42 P/S: 18.31 Price/Book: 22.65 EV/EBITDA: 193.42 Market Cap: $109.74B Avg. Daily Volume: 6,154,141 52 Week Range: $129.71 – $212.584

5. ChargePoint Holdings, Inc. (NYSE:CHPT): $15.25

Director Michael Linse sold 1,657,967 shares of this electric vehicle (EV) charging networks and charging solutions provider for $15.50, generating $25.69 million from the sale. These shares were sold indirectly by Linse Capital LLC.

P/E: N/A Forward P/E: -30.5 Industry P/E: 26.83 P/S: 21.26 Price/Book: 9.33 EV/EBITDA: -21.77 Market Cap: $5.12B Avg. Daily Volume: 9,392,067 52 Week Range: $11.211 – $36.86