Wealth Enhancement Advisory Services LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,111 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds have also added to or reduced their stakes in S. Sycomore Asset Management raised its position in shares of SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after purchasing an additional 83,060 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in SentinelOne in the third quarter valued at approximately $2,392,000. Eminence Capital LP boosted its holdings in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares during the period. Andar Capital Management HK Ltd bought a new stake in shares of SentinelOne in the second quarter valued at about $4,736,000. Finally, Hood River Capital Management LLC bought a new position in shares of SentinelOne during the second quarter worth about $4,060,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 1.3 %

Shares of SentinelOne stock opened at $27.55 on Friday. The company has a market capitalization of $8.74 billion, a P/E ratio of -29.62 and a beta of 0.65. The stock has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $22.34. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on S shares. Westpark Capital reissued a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a report on Monday, August 26th. Baird R W raised shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Wells Fargo & Company boosted their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Barclays lifted their target price on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird increased their price target on SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.60.

Insider Buying and Selling

In related news, insider Ric Smith sold 3,135 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the transaction, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Keenan Michael Conder sold 11,097 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $253,011.60. Following the completion of the transaction, the insider now directly owns 438,363 shares of the company’s stock, valued at approximately $9,994,676.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the transaction, the insider now owns 582,512 shares in the company, valued at approximately $15,290,940. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 422,334 shares of company stock valued at $9,722,287. Company 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.