Central Asset Investments & Management Holdings HK Ltd Makes New Investment in SentinelOne, Inc. (NYSE:S)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of SentinelOne, Inc. (NYSE:S) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,343 shares of the company’s stock, valued at approximately $415,000. SentinelOne makes up 0.4% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its 25th largest holding.

Several other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings 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 valued at $41,000 after purchasing an additional 700 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after buying an additional 743 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after buying an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management raised its position in SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on S shares. Loop Capital increased their target price on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Robert W. Baird increased their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. DA Davidson boosted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their price target for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Finally, Susquehanna boosted their price objective on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.73.

SentinelOne Trading Down 4.6 %

SentinelOne stock opened at $26.11 on Friday. The firm’s 50 day simple moving average is $25.12 and its 200 day simple moving average is $22.54. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The firm has a market capitalization of $8.28 billion, a PE ratio of -28.08 and a beta of 0.65.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same quarter last year, the business posted ($0.26) earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. Research analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insider Activity

In other news, CEO Tomer Weingarten sold 38,607 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the transaction, the chief executive officer now directly owns 1,060,749 shares in the company, valued at approximately $24,185,077.20. This represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David J. Bernhardt sold 11,061 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $252,190.80. Following the transaction, the chief financial officer now owns 489,003 shares in the company, valued at $11,149,268.40. This trade represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,125 shares of company stock worth $10,367,734. 5.60% of the stock is currently owned by insiders.

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.