Wealth Effects LLC Sells 3,350 Shares of SentinelOne, Inc. (NYSE:S)

Wealth Effects LLC lessened its holdings in SentinelOne, Inc. (NYSE:S) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 71,900 shares of the company’s stock after selling 3,350 shares during the period. Wealth Effects LLC’s holdings in SentinelOne were worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in S. Waldron Private Wealth LLC purchased a new stake in shares of SentinelOne in the 3rd quarter worth $26,000. Modus Advisors LLC purchased a new position in SentinelOne during the 4th quarter valued at about $48,000. Capital Performance Advisors LLP bought a new stake in shares of SentinelOne in the 3rd quarter valued at about $55,000. Blue Trust Inc. lifted its position in shares of SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,223 shares during the period. Finally, Huntington National Bank boosted its stake in shares of SentinelOne by 287.9% during the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,765 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the sale, the insider now owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now owns 959,682 shares of the company’s stock, valued at $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 343,552 shares of company stock valued at $8,374,670. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Susquehanna upped their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research note on Thursday, December 5th. Oppenheimer began coverage on SentinelOne in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price on the stock. DA Davidson increased their price target on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.56.

SentinelOne Trading Up 0.5 %

NYSE:S opened at $23.28 on Tuesday. The company’s fifty day moving average price is $24.12 and its 200-day moving average price is $24.08. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company 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 quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) EPS. On average, equities research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.