SentinelOne, Inc. (NYSE:S) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its position in shares of SentinelOne, Inc. (NYSE:S) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,984 shares of the company’s stock after selling 3,614 shares during the quarter. Private Advisor Group LLC’s holdings in SentinelOne were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avion Wealth acquired a new stake in shares of SentinelOne in the fourth quarter valued at about $28,000. Crewe Advisors LLC purchased a new position in SentinelOne in the fourth quarter valued at about $33,000. Arlington Trust Co LLC purchased a new position in SentinelOne in the fourth quarter valued at about $33,000. Modus Advisors LLC purchased a new position in SentinelOne in the fourth quarter valued at about $48,000. Finally, Capital Performance Advisors LLP purchased a new position in SentinelOne in the third quarter valued at about $55,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a report on Tuesday, December 3rd. Scotiabank increased their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Oppenheimer started coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Guggenheim reissued a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Price Performance

Shares of S opened at $20.10 on Thursday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company has a 50-day moving average of $22.81 and a two-hundred day moving average of $24.27. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of -21.38 and a beta of 0.75.

SentinelOne (NYSE:S) last announced its earnings results 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 return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. Analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,658,092.02. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the sale, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,744,386.82. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 371,925 shares of company stock worth $8,729,445. 5.60% of the stock is owned by company insiders.

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.