Truist Financial Corp Acquires 4,110 Shares of SentinelOne, Inc. (NYSE:S)

Truist Financial Corp grew its holdings in shares of SentinelOne, Inc. (NYSE:S) by 17.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,754 shares of the company’s stock after acquiring an additional 4,110 shares during the period. Truist Financial Corp’s holdings in SentinelOne were worth $584,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Advisors Asset Management Inc. increased its stake in SentinelOne by 19.3% in the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares in the last quarter. Archford Capital Strategies LLC increased its stake in SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after purchasing an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management increased its stake in SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 2.7 %

SentinelOne stock opened at $25.69 on Wednesday. The firm’s 50 day simple moving average is $23.63 and its 200 day simple moving average is $21.77. The firm has a market capitalization of $8.04 billion, a PE ratio of -25.19 and a beta of 0.67. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

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

Insider Activity

In other news, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the sale, the chief financial officer now owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the sale, the chief financial officer now owns 504,085 shares of the company’s stock, valued at $10,363,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $20.54, for a total transaction of $1,250,146.56. Following the sale, the chief executive officer now directly owns 1,119,312 shares of the company’s stock, valued at $22,990,668.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 550,714 shares of company stock valued at $12,285,111. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on S. DA Davidson lifted their price target on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Loop Capital lifted their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a report on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday, September 13th. Finally, Sanford C. Bernstein reduced their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

About SentinelOne

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.