Kingsview Wealth Management LLC Sells 10,924 Shares of SentinelOne, Inc. (NYSE:S)

Kingsview Wealth Management LLC reduced its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,961 shares of the company's stock after selling 10,924 shares during the period. Kingsview Wealth Management LLC's holdings in SentinelOne were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV increased its position in 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 buying an additional 58,000 shares during the period. Erste Asset Management GmbH acquired a new position in shares of SentinelOne during the third quarter valued at $4,816,000. NorthRock Partners LLC acquired a new position in shares of SentinelOne during the third quarter valued at $5,227,000. Charles Schwab Investment Management Inc. increased its holdings in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company's stock valued at $62,129,000 after purchasing an additional 921,572 shares during the period. Finally, Carnegie Investment Counsel acquired a new position in shares of SentinelOne during the fourth quarter valued at $7,167,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on S shares. JPMorgan Chase & Co. raised their target price on SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Robert W. Baird raised their target price on SentinelOne from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Westpark Capital reaffirmed a "buy" rating and set a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $29.00 target price on shares of SentinelOne in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a "hold" rating to a "buy" rating and raised their target price for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne has an average rating of "Moderate Buy" and a consensus target price of $29.56.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,178 shares of SentinelOne stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $243,763.10. Following the completion of the transaction, the chief executive officer now owns 949,504 shares in the company, valued at approximately $22,740,620.80. The trade was a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the transaction, the insider now owns 529,118 shares of the company's stock, valued at approximately $12,672,376.10. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 357,341 shares of company stock valued at $8,423,765. 5.60% of the stock is owned by corporate insiders.

SentinelOne Trading Down 1.2 %

S traded down $0.29 during midday trading on Tuesday, reaching $24.51. The company's stock had a trading volume of 1,449,120 shares, compared to its average volume of 3,586,553. The stock has a market cap of $7.88 billion, a P/E ratio of -26.08 and a beta of 0.75. The company has a fifty day simple moving average of $23.17 and a 200 day simple moving average of $24.29. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.49.

SentinelOne (NYSE:S - Get Free Report) last announced 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). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same period in the previous year, the business posted ($0.21) EPS. SentinelOne's revenue for the quarter was up 28.3% compared to the same quarter last year. Sell-side analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

SentinelOne Company 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.