Transcend Capital Advisors LLC Purchases Shares of 11,475 SentinelOne, Inc. (NYSE:S)

Transcend Capital Advisors LLC purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,475 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds have also bought and sold shares of the company. KBC Group NV boosted its stake in shares of SentinelOne by 778.0% in the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after acquiring an additional 58,000 shares during the period. Erste Asset Management GmbH bought a new position in shares of SentinelOne in the third quarter worth about $4,816,000. NorthRock Partners LLC bought a new position in shares of SentinelOne in the third quarter worth about $5,227,000. Charles Schwab Investment Management Inc. boosted its stake in shares of SentinelOne by 55.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after acquiring an additional 921,572 shares during the period. Finally, Carnegie Investment Counsel bought a new position in shares of SentinelOne in the fourth quarter worth about $7,167,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of NYSE S opened at $22.15 on Monday. The business’s 50 day moving average price is $23.12 and its 200-day moving average price is $24.35. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The company has a market cap of $7.12 billion, a price-to-earnings ratio of -23.56 and a beta of 0.75.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share 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 business 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) earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

S has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $25.00 in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $32.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Scotiabank increased their price target on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.48.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 41,170 shares of the stock in a transaction 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 trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,658,092.02. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 357,341 shares of company stock valued at $8,423,765 over the last quarter. 5.60% of the stock is owned by corporate 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.