NewEdge Wealth LLC Purchases 53,865 Shares of SentinelOne, Inc. (NYSE:S)

NewEdge Wealth LLC lifted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 851,072 shares of the company's stock after buying an additional 53,865 shares during the quarter. NewEdge Wealth LLC owned about 0.26% of SentinelOne worth $18,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company's stock valued at $553,000 after acquiring an additional 898 shares during the period. Bullseye Asset Management LLC raised its position in shares of SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock worth $1,605,000 after purchasing an additional 1,000 shares during the period. MetLife Investment Management LLC raised its position in SentinelOne by 17.4% in the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company's stock valued at $163,000 after buying an additional 1,012 shares during the last quarter. Legato Capital Management LLC increased its position in shares of SentinelOne by 8.1% during 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 last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after acquiring an additional 1,111 shares during the period. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Up 1.5 %

Shares of SentinelOne stock traded up $0.30 during mid-day trading on Friday, reaching $20.63. 4,163,349 shares of the stock traded hands, compared to its average volume of 3,950,920. The business has a 50-day moving average of $22.92 and a 200 day moving average of $24.31. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock has a market capitalization of $6.63 billion, a PE ratio of -21.94 and a beta of 0.75.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $210.60 million during the quarter, compared to analysts' expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company's revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share. On average, equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the transaction, the insider now owns 529,118 shares of the company's stock, valued at $11,090,313.28. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction that occurred 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 directly owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,925 shares of company stock worth $8,729,445 over the last ninety days. Corporate insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

S has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $32.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. Scotiabank upped their price objective on SentinelOne from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, December 5th. Cantor Fitzgerald began coverage on SentinelOne in a report on Thursday, January 9th. They set an "overweight" rating and a $30.00 price target for the company. Jefferies Financial Group raised SentinelOne from a "hold" rating to a "buy" rating and raised their price target for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Finally, Westpark Capital restated a "buy" rating and set a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Seven investment 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.48.

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.