Malaga Cove Capital LLC Acquires 9,787 Shares of SentinelOne, Inc. (NYSE:S)

Malaga Cove Capital LLC increased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 30.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,020 shares of the company’s stock after acquiring an additional 9,787 shares during the quarter. Malaga Cove Capital LLC’s holdings in SentinelOne were worth $1,005,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of S. Allspring Global Investments Holdings LLC grew its holdings in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of SentinelOne by 19.3% during the 1st 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 boosted its position in shares of SentinelOne by 1.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after acquiring an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management raised its position in SentinelOne by 4.9% during the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

NYSE S opened at $27.34 on Thursday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76. The business has a 50 day simple moving average of $24.54 and a 200 day simple moving average of $22.26. The stock has a market capitalization of $8.67 billion, a P/E ratio of -29.40 and a beta of 0.65.

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

Analyst Ratings Changes

S has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. BTIG Research lifted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 target price on shares of SentinelOne in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $28.60.

Insider Activity at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 4,021 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $21.32, for a total value of $85,727.72. Following the completion of the sale, the chief financial officer now owns 500,064 shares of the company’s stock, valued at approximately $10,661,364.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $21.32, for a total transaction of $85,727.72. Following the completion of the transaction, the chief financial officer now directly owns 500,064 shares in the company, valued at $10,661,364.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $26.28, for a total value of $383,241.24. Following the completion of the sale, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $15,390,803.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 413,055 shares of company stock valued at $9,458,890 in the last three months. Corporate insiders own 5.60% of the company’s stock.

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.