Truist Financial Corp bought a new position in SentinelOne, Inc. (NYSE:S – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,573 shares of the company's stock, valued at approximately $219,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates boosted its position in SentinelOne by 41.4% in the third quarter. Raymond James & Associates now owns 29,591 shares of the company's stock worth $756,000 after purchasing an additional 8,658 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in SentinelOne by 9.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,701 shares of the company's stock worth $248,000 after purchasing an additional 812 shares during the last quarter. Xponance Inc. boosted its position in SentinelOne by 10.6% in the third quarter. Xponance Inc. now owns 16,450 shares of the company's stock worth $420,000 after purchasing an additional 1,581 shares during the last quarter. CTC Capital Management LLC purchased a new position in SentinelOne in the third quarter worth about $268,000. Finally, L.M. Kohn & Company boosted its position in SentinelOne by 20.9% in the third quarter. L.M. Kohn & Company now owns 18,000 shares of the company's stock worth $461,000 after purchasing an additional 3,115 shares during the last quarter. 79.18% of the stock is owned by hedge funds and other institutional investors.
Get SentinelOne alerts:Insider Transactions at SentinelOne
In other news, CAO Robin Tomasello sold 6,669 shares of SentinelOne stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $14.25, for a total value of $95,033.25. Following the completion of the transaction, the chief accounting officer now owns 70,526 shares in the company, valued at approximately $1,004,995.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Robin Tomasello sold 6,669 shares of the business's stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $14.25, for a total transaction of $95,033.25. Following the completion of the transaction, the chief accounting officer now owns 70,526 shares in the company, valued at approximately $1,004,995.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 400,000 shares of the business's stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $15.32, for a total value of $6,128,000.00. Following the transaction, the chief executive officer now owns 259,427 shares of the company's stock, valued at approximately $3,974,421.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 834,020 shares of company stock worth $13,007,620. 7.48% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Needham & Company LLC dropped their target price on SentinelOne from $28.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, December 7th. BTIG Research lowered their price objective on SentinelOne from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, December 7th. JPMorgan Chase & Co. began coverage on SentinelOne in a research report on Tuesday. They set an "overweight" rating and a $18.00 price objective on the stock. Piper Sandler lowered their price objective on SentinelOne from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, January 5th. Finally, DA Davidson lowered their price objective on SentinelOne from $40.00 to $22.00 in a research report on Wednesday, December 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $23.74.SentinelOne Price Performance
NYSE:S opened at $15.02 on Friday. SentinelOne, Inc. has a 1 year low of $12.69 and a 1 year high of $48.46. The stock's 50 day simple moving average is $14.54 and its two-hundred day simple moving average is $21.07. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -11.55 and a beta of 0.50.
SentinelOne (NYSE:S – Get Rating) last released its quarterly earnings data on Tuesday, December 6th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.02. The business had revenue of $115.32 million for the quarter, compared to the consensus estimate of $111.00 million. SentinelOne had a negative return on equity of 20.34% and a negative net margin of 98.61%. The company's revenue was up 105.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.25) EPS. As a group, analysts anticipate that SentinelOne, Inc. will post -1.41 EPS for the current year.
About SentinelOne
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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.
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