Stonegate Investment Group LLC Boosts Holdings in SentinelOne, Inc. (NYSE:S)

Stonegate Investment Group LLC grew its position in shares of SentinelOne, Inc. (NYSE:S) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,514 shares of the company’s stock after buying an additional 14,514 shares during the quarter. Stonegate Investment Group LLC’s holdings in SentinelOne were worth $1,543,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC raised its position in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings 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 acquiring an additional 743 shares during the period. Archford Capital Strategies LLC boosted its position in shares of SentinelOne by 1.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after purchasing an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management grew its stake in shares of SentinelOne by 4.9% during the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock worth $453,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

NYSE S traded up $0.90 during trading hours on Friday, hitting $26.92. 1,366,891 shares of the company traded hands, compared to its average volume of 5,356,981. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -28.91 and a beta of 0.67. The business’s 50-day moving average is $23.83 and its 200-day moving average is $21.83.

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

Analyst Upgrades and Downgrades

S has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Susquehanna upped their price target on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $32.00 in a research note on Monday. Morgan Stanley increased their price target on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Guggenheim reiterated a “buy” rating and issued a $23.00 price target on shares of SentinelOne in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $28.56.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other SentinelOne news, insider Ric Smith sold 23,567 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $21.89, for a total value of $515,881.63. Following the transaction, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $12,819,812.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 489,850 shares of company stock valued at $11,034,964. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Company 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.