Frank Rimerman Advisors LLC Increases Holdings in SentinelOne, Inc. (NYSE:S)

Frank Rimerman Advisors LLC increased its position in shares of SentinelOne, Inc. (NYSE:S) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,760 shares of the company’s stock after purchasing an additional 2,406 shares during the quarter. Frank Rimerman Advisors LLC owned 0.06% of SentinelOne worth $4,037,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its position in SentinelOne by 27.1% during the second quarter. Canada Pension Plan Investment Board now owns 75,600 shares of the company’s stock valued at $1,591,000 after purchasing an additional 16,100 shares during the period. Intech Investment Management LLC acquired a new position in shares of SentinelOne in the 2nd quarter valued at about $459,000. Westport Asset Management Inc. purchased a new stake in shares of SentinelOne in the second quarter worth about $263,000. Hsbc Holdings PLC grew its holdings in SentinelOne by 446.4% during the second quarter. Hsbc Holdings PLC now owns 364,601 shares of the company’s stock worth $7,560,000 after acquiring an additional 297,873 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in SentinelOne by 11.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,247 shares of the company’s stock valued at $426,000 after acquiring an additional 2,125 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on S. DA Davidson raised their price objective on shares of SentinelOne from $18.50 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. UBS Group dropped their price target on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. BTIG Research upped their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group restated a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Finally, Scotiabank upped their price target on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

SentinelOne Trading Down 2.8 %

S opened at $24.40 on Friday. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The firm has a market capitalization of $7.63 billion, a PE ratio of -23.92 and a beta of 0.67. The firm’s 50-day moving average price is $22.85 and its 200 day moving average price is $21.79.

SentinelOne (NYSE:S) last issued its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. During the same period in the previous year, the firm posted ($0.26) EPS. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, analysts predict that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 99,502 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Keenan Michael Conder sold 11,097 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $253,011.60. Following the transaction, the insider now directly owns 438,363 shares in the company, valued at $9,994,676.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 99,502 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the transaction, the insider now owns 639,834 shares of the company’s stock, valued at $12,860,663.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 574,769 shares of company stock valued at $12,295,560. Insiders own 5.60% of the company’s stock.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.