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Y Intercept Hong Kong Ltd bought a new stake in SentinelOne, Inc. (NYSE:S – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,681 shares of the company’s stock, valued at approximately $1,287,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in shares of SentinelOne in the first quarter worth about $43,000. CWM LLC increased its holdings in shares of SentinelOne by 450.4% in the fourth quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $30,000 after acquiring an additional 1,707 shares in the last quarter. American International Group Inc. bought a new stake in shares of SentinelOne in the second quarter worth about $56,000. International Assets Investment Management LLC bought a new stake in shares of SentinelOne in the first quarter worth about $43,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of SentinelOne in the first quarter worth about $108,000. Institutional investors and hedge funds own 67.87% of the company’s stock.
Insider Buying and Selling at SentinelOne
In other news, CEO Tomer Weingarten sold 21,697 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $12.64, for a total value of $274,250.08. Following the completion of the sale, the chief executive officer now owns 890,794 shares of the company’s stock, valued at $11,259,636.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO David J. Bernhardt sold 3,320 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $15.57, for a total transaction of $51,692.40. Following the sale, the chief financial officer now owns 427,738 shares in the company, valued at approximately $6,659,880.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 21,697 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total value of $274,250.08. Following the sale, the chief executive officer now owns 890,794 shares in the company, valued at approximately $11,259,636.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 402,393 shares of company stock worth $6,631,869. Insiders own 5.93% of the company’s stock.
SentinelOne Stock Performance
Shares of S opened at $14.99 on Friday. SentinelOne, Inc. has a 52-week low of $12.43 and a 52-week high of $30.00. The business’s fifty day moving average is $15.22 and its 200-day moving average is $16.05. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -10.71 and a beta of 0.31.
SentinelOne (NYSE:S – Get Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $133.39 million for the quarter, compared to analyst estimates of $136.62 million. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. SentinelOne’s quarterly revenue was up 70.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) EPS. As a group, research analysts forecast that SentinelOne, Inc. will post -1.23 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on S shares. DA Davidson downgraded SentinelOne from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $13.50 in a report on Friday, June 2nd. JMP Securities decreased their price objective on SentinelOne from $26.00 to $22.00 in a report on Friday, June 2nd. JPMorgan Chase & Co. increased their price objective on SentinelOne from $16.00 to $18.00 in a report on Thursday, June 8th. Stephens downgraded SentinelOne from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $22.00 to $15.00 in a research note on Friday, June 2nd. Finally, Scotiabank decreased their price target on SentinelOne from $14.00 to $12.00 in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SentinelOne presently has an average rating of “Hold” and a consensus price target of $19.77.
Check Out Our Latest Research Report on S
SentinelOne Profile
(Free Report)
SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization’s endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.
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