Great Lakes Advisors LLC increased its stake in shares of SentinelOne, Inc. (NYSE:S – Free Report) by 43.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,391 shares of the company’s stock after buying an additional 65,072 shares during the period. Great Lakes Advisors LLC owned 0.07% of SentinelOne worth $3,222,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of SentinelOne by 57.4% during the second quarter. CWM LLC now owns 1,969 shares of the company’s stock worth $30,000 after acquiring an additional 718 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of SentinelOne in the 1st quarter valued at about $43,000. American International Group Inc. acquired a new stake in shares of SentinelOne during the 2nd quarter worth approximately $56,000. Nemes Rush Group LLC bought a new stake in shares of SentinelOne during the second quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC acquired a new position in SentinelOne in the first quarter valued at approximately $65,000. Institutional investors own 71.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Needham & Company LLC lifted their target price on shares of SentinelOne from $19.00 to $23.00 in a report on Friday, September 1st. Scotiabank increased their target price on SentinelOne from $15.00 to $16.50 in a research note on Friday, September 1st. Wedbush restated an “outperform” rating and set a $22.00 target price on shares of SentinelOne in a research report on Friday, September 1st. Piper Sandler increased their price target on shares of SentinelOne from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, September 1st. Finally, Canaccord Genuity Group restated a “hold” rating and set a $17.00 price objective on shares of SentinelOne in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.21.
Insider Buying and Selling at SentinelOne
In other SentinelOne news, CEO Tomer Weingarten sold 47,430 shares of SentinelOne stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $16.35, for a total transaction of $775,480.50. Following the completion of the transaction, the chief executive officer now directly owns 848,969 shares of the company’s stock, valued at $13,880,643.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 47,430 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $16.35, for a total transaction of $775,480.50. Following the completion of the sale, the chief executive officer now directly owns 848,969 shares in the company, valued at $13,880,643.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 15,621 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $17.57, for a total value of $274,460.97. Following the completion of the transaction, the insider now directly owns 513,072 shares in the company, valued at approximately $9,014,675.04. The disclosure for this sale can be found here. Insiders have sold 270,131 shares of company stock worth $4,444,214 over the last 90 days. Company insiders own 5.93% of the company’s stock.
SentinelOne Stock Up 1.3 %
NYSE:S opened at $17.41 on Tuesday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of -12.80 and a beta of 0.28. SentinelOne, Inc. has a twelve month low of $12.43 and a twelve month high of $21.95. The stock’s 50 day moving average price is $16.36 and its two-hundred day moving average price is $16.28.
SentinelOne (NYSE:S – Get Free Report) last announced its quarterly earnings data on Thursday, August 31st. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. SentinelOne had a negative net margin of 74.19% and a negative return on equity of 21.47%. The company had revenue of $149.42 million during the quarter, compared to the consensus estimate of $140.98 million. During the same quarter last year, the firm posted ($0.32) EPS. The company’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, analysts anticipate that SentinelOne, Inc. will post -1.14 earnings per share for the current year.
SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.
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