Archford Capital Strategies LLC Trims Stock Holdings in SentinelOne, Inc. (NYSE:S)

Archford Capital Strategies LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 76.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,861 shares of the company's stock after selling 35,950 shares during the period. Archford Capital Strategies LLC's holdings in SentinelOne were worth $197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CENTRAL TRUST Co purchased a new stake in SentinelOne during the first quarter worth $26,000. Smartleaf Asset Management LLC boosted its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares in the last quarter. Parallel Advisors LLC boosted its position in SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after purchasing an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its position in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne during the fourth quarter worth $38,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on S. Morgan Stanley reduced their price objective on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group reduced their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Sanford C. Bernstein reduced their price objective on SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Roth Capital set a $26.00 price objective on SentinelOne and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Robert W. Baird reduced their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and a consensus target price of $24.83.

Insider Activity

In related news, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $202,853.16. Following the completion of the transaction, the insider now owns 596,332 shares of the company's stock, valued at approximately $10,900,948.96. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $17.82, for a total value of $1,084,596.48. Following the completion of the transaction, the chief executive officer now directly owns 1,581,396 shares of the company's stock, valued at $28,180,476.72. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,347 shares of company stock worth $3,464,807. 4.33% of the stock is currently owned by corporate insiders.

SentinelOne Trading Down 0.8%

NYSE:S traded down $0.15 on Friday, hitting $17.86. 9,365,613 shares of the stock were exchanged, compared to its average volume of 5,152,300. The stock has a market cap of $5.94 billion, a PE ratio of -13.53 and a beta of 0.77. The stock has a fifty day moving average of $18.51 and a 200-day moving average of $20.25. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The company had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne's quarterly revenue was up 22.9% compared to the same quarter last year. As a group, analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

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.