Stonegate Investment Group LLC Acquires 14,514 Shares of SentinelOne, Inc. (NYSE:S)

Stonegate Investment Group LLC grew its stake in SentinelOne, Inc. (NYSE:S) by 29.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,514 shares of the company’s stock after acquiring an additional 14,514 shares during the quarter. Stonegate Investment Group LLC’s holdings in SentinelOne were worth $1,543,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in S. Allspring Global Investments Holdings LLC grew its stake in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares during the period. Advisors Asset Management Inc. grew its stake in SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after purchasing an additional 790 shares during the last quarter. Finally, Straight Path Wealth Management boosted its position in SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 10,165 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $208,992.40. Following the transaction, the chief executive officer now owns 1,109,147 shares in the company, valued at approximately $22,804,062.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $208,992.40. Following the completion of the sale, the chief executive officer now directly owns 1,109,147 shares of the company’s stock, valued at $22,804,062.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total value of $352,908.60. Following the completion of the sale, the insider now directly owns 585,647 shares of the company’s stock, valued at $14,172,657.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 489,850 shares of company stock valued at $11,034,964 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on S. BTIG Research raised their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Loop Capital boosted their target price on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Barclays increased their price target on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday. Guggenheim reissued a “buy” rating and issued a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. Finally, DA Davidson raised their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.56.

SentinelOne Trading Up 3.5 %

SentinelOne stock traded up $0.90 during midday trading on Friday, reaching $26.92. 1,366,891 shares of the stock traded hands, compared to its average volume of 5,356,981. The firm has a market cap of $8.54 billion, a PE ratio of -28.91 and a beta of 0.67. The company has a 50-day simple moving average of $23.83 and a two-hundred day simple moving average of $21.83. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) earnings per share. Equities research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

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.