Janney Montgomery Scott LLC Has $215,000 Position in SentinelOne, Inc. (NYSE:S)

Janney Montgomery Scott LLC reduced its holdings in shares of SentinelOne, Inc. (NYSE:S) by 60.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,673 shares of the company’s stock after selling 14,917 shares during the period. Janney Montgomery Scott LLC’s holdings in SentinelOne were worth $215,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sylebra Capital LLC grew its holdings in SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares during the period. State Street Corp grew its holdings in SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares during the period. Geode Capital Management LLC grew its stake in shares of SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after buying an additional 355,944 shares during the period. Atreides Management LP grew its stake in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at about $80,604,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

S has been the subject of several research reports. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Guggenheim restated a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Citigroup cut their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.56.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the sale, the insider now owns 529,118 shares in the company, valued at $12,672,376.10. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 286,699 shares of company stock worth $6,712,815 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Trading Up 0.9 %

SentinelOne stock opened at $24.20 on Thursday. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The business’s 50 day simple moving average is $23.19 and its 200 day simple moving average is $24.22. The company has a market cap of $7.78 billion, a price-to-earnings ratio of -25.74 and a beta of 0.75.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same quarter in the previous year, the company posted ($0.21) EPS. SentinelOne’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.