NewEdge Wealth LLC Has $18.89 Million Stake in SentinelOne, Inc. (NYSE:S)

NewEdge Wealth LLC boosted its stake in shares of SentinelOne, Inc. (NYSE:S) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 851,072 shares of the company’s stock after buying an additional 53,865 shares during the quarter. NewEdge Wealth LLC’s holdings in SentinelOne were worth $18,894,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in S. Avior Wealth Management LLC increased its position in shares of SentinelOne by 4.0% during the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after buying an additional 898 shares during the period. Bullseye Asset Management LLC grew its holdings in SentinelOne by 1.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after acquiring an additional 1,000 shares during the period. MetLife Investment Management LLC raised its position in shares of SentinelOne by 17.4% in the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after acquiring an additional 1,012 shares in the last quarter. Legato Capital Management LLC lifted its stake in shares of SentinelOne by 8.1% in the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after purchasing an additional 1,022 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock valued at $442,000 after purchasing an additional 1,111 shares during the period. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

NYSE:S opened at $21.03 on Thursday. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The firm has a 50-day moving average price of $22.99 and a two-hundred day moving average price of $24.33. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of -22.38 and a beta of 0.75.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) earnings per share. As a group, sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on S. Robert W. Baird raised their target price on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Cantor Fitzgerald started coverage on shares of SentinelOne in a research note on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective for the company. Scotiabank boosted their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Guggenheim restated a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Seven equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.48.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the transaction, the insider now directly owns 529,118 shares of the company’s stock, valued at approximately $11,090,313.28. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 70,642 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now owns 939,726 shares in the company, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 371,925 shares of company stock worth $8,729,445 in the last ninety days. 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.