Frank Rimerman Advisors LLC Buys 71,208 Shares of SentinelOne, Inc. (NYSE:S)

Frank Rimerman Advisors LLC grew its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 37.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 262,968 shares of the company's stock after buying an additional 71,208 shares during the quarter. Frank Rimerman Advisors LLC owned approximately 0.08% of SentinelOne worth $6,290,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in S. Waldron Private Wealth LLC bought a new stake in SentinelOne during the 3rd quarter valued at approximately $26,000. Blue Trust Inc. purchased a new stake in SentinelOne in the second quarter worth $27,000. Allspring Global Investments Holdings LLC raised its holdings in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock worth $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company's stock valued at $41,000 after buying an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new position in SentinelOne during the second quarter valued at $49,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

S has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Citigroup upped their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, August 28th. Needham & Company LLC assumed coverage on shares of SentinelOne in a report on Thursday, October 17th. They set a "buy" rating and a $32.00 target price for the company. BTIG Research boosted their price target on SentinelOne from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Finally, Barclays raised their price objective on SentinelOne from $28.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.60.

SentinelOne Price Performance

SentinelOne stock traded up $0.29 during mid-day trading on Friday, reaching $26.26. 3,108,772 shares of the stock traded hands, compared to its average volume of 5,332,551. The business's 50-day moving average is $24.27 and its 200-day moving average is $21.97. The stock has a market capitalization of $8.22 billion, a PE ratio of -25.75 and a beta of 0.67. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last announced 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 company had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. During the same period in the previous year, the business posted ($0.26) earnings per share. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. Equities analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 2,631 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares of the company's stock, valued at $10,363,987.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the sale, the chief financial officer now owns 504,085 shares of the company's stock, valued at $10,363,987.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 475,267 shares of company stock valued at $10,691,681. 5.60% of the stock is owned by company 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.