48,820 Shares in SentinelOne, Inc. (NYSE:S) Bought by Shelton Wealth Management LLC

Shelton Wealth Management LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S) during the 4th quarter, Holdings Channel.com reports. The firm purchased 48,820 shares of the company’s stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV increased its position in SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of SentinelOne during the third quarter worth $4,816,000. NorthRock Partners LLC acquired a new stake in shares of SentinelOne during the 3rd quarter valued at $5,227,000. Charles Schwab Investment Management Inc. raised its position in SentinelOne by 55.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after purchasing an additional 921,572 shares during the last quarter. Finally, Sycomore Asset Management boosted its position in SentinelOne by 40.4% during the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after buying an additional 83,060 shares during the period. Institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on S. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price target on shares of SentinelOne in a research note on Monday, December 2nd. Wedbush raised SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Westpark Capital reissued a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Finally, Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

SentinelOne Price Performance

Shares of S stock opened at $22.32 on Friday. The company has a market cap of $7.17 billion, a P/E ratio of -23.75 and a beta of 0.74. The stock’s 50-day moving average is $24.62 and its 200 day moving average is $23.91. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (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 company had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same quarter last year, the company earned ($0.21) EPS. The business’s revenue was up 28.3% compared to the same quarter last year. On average, analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Activity

In related news, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,744,386.82. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $266,831.25. Following the completion of the sale, the chief executive officer now directly owns 1,029,332 shares in the company, valued at $27,019,965. This represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 358,135 shares of company stock valued at $8,757,911. 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.