Frank Rimerman Advisors LLC Raises Stock Holdings in SentinelOne, Inc. (NYSE:S)

Frank Rimerman Advisors LLC raised its position in shares of SentinelOne, Inc. (NYSE:S) by 37.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 262,968 shares of the company’s stock after purchasing an additional 71,208 shares during the quarter. Frank Rimerman Advisors LLC owned 0.08% of SentinelOne worth $6,290,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares during the period. Archford Capital Strategies LLC lifted its holdings in SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after acquiring an additional 790 shares during the period. Finally, Straight Path Wealth Management lifted its holdings 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 acquiring an additional 1,000 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

S has been the subject of several recent research reports. Westpark Capital reaffirmed a “buy” rating and set a $34.00 target price on shares of SentinelOne in a report on Monday, August 26th. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price objective on shares of SentinelOne in a research report on Wednesday, August 28th. Baird R W raised shares of SentinelOne to a “strong-buy” rating in a research note on Monday, July 15th. Susquehanna lifted their price target on SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird increased their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.60.

SentinelOne Trading Up 1.1 %

S stock opened at $26.26 on Friday. The business’s fifty day moving average price is $24.27 and its 200 day moving average price is $21.97. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The company has a market capitalization of $8.22 billion, a PE ratio of -25.75 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly 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 for the quarter, compared to analyst estimates of $197.32 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. Research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Ric Smith sold 3,135 shares of the firm’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 $64,455.60. Following the sale, the insider now directly owns 636,699 shares in the company, valued at approximately $13,090,531.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 475,267 shares of company stock valued at $10,691,681 in the last 90 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.