Archford Capital Strategies LLC Grows Position in SentinelOne, Inc. (NYSE:S)

Archford Capital Strategies LLC increased its position in SentinelOne, Inc. (NYSE:S) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,861 shares of the company’s stock after purchasing an additional 790 shares during the period. Archford Capital Strategies LLC’s holdings in SentinelOne were worth $965,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of S. Vanguard Group Inc. raised its stake in SentinelOne by 7.2% during the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after buying an additional 1,694,407 shares during the last quarter. First Trust Advisors LP raised its position in shares of SentinelOne by 1.6% in the 4th quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock worth $284,642,000 after purchasing an additional 162,846 shares during the last quarter. Norges Bank bought a new position in SentinelOne in the 4th quarter worth about $228,872,000. Sylebra Capital LLC grew its position in SentinelOne by 15.9% during the 1st quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock valued at $142,724,000 after purchasing an additional 838,818 shares during the last quarter. Finally, Eminence Capital LP grew its holdings in shares of SentinelOne by 89.7% during the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after buying an additional 2,569,781 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

S remained flat at $23.16 on Friday. The company had a trading volume of 876,897 shares, compared to its average volume of 5,527,002. The company’s 50-day moving average is $20.56 and its two-hundred day moving average is $22.65. SentinelOne, Inc. has a 12 month low of $13.87 and a 12 month high of $30.76. The firm has a market cap of $7.25 billion, a P/E ratio of -22.71 and a beta of 0.66.

SentinelOne (NYSE:S) last released its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The company had revenue of $186.36 million for the quarter, compared to the consensus estimate of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.35) EPS. On average, sell-side analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on S. Barclays cut their target price on shares of SentinelOne from $27.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a research report on Friday, May 31st. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and cut their price target for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. Baird R W upgraded shares of SentinelOne to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Robert W. Baird started coverage on shares of SentinelOne in a research report on Monday, July 15th. They issued an “outperform” rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.94.

Insider Activity

In other news, CFO David J. Bernhardt sold 11,061 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the sale, the chief financial officer now directly owns 517,298 shares in the company, valued at $8,949,255.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the transaction, the chief financial officer now directly owns 504,085 shares in the company, valued at approximately $10,363,987.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the sale, the chief financial officer now owns 517,298 shares of the company’s stock, valued at approximately $8,949,255.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 610,851 shares of company stock valued at $12,036,747. 5.60% of the stock is currently owned by company insiders.

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.