Avondale Wealth Management Has $1.03 Million Stock Position in SentinelOne, Inc. (NYSE:S)

Avondale Wealth Management lifted its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 51.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,750 shares of the company's stock after acquiring an additional 19,250 shares during the quarter. SentinelOne accounts for about 0.6% of Avondale Wealth Management's holdings, making the stock its 24th biggest position. Avondale Wealth Management's holdings in SentinelOne were worth $1,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC increased its position in shares of SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after buying an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SentinelOne by 11,049.7% during the first quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock valued at $641,000 after acquiring an additional 34,917 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of SentinelOne by 13.7% during the first quarter. Moody National Bank Trust Division now owns 10,540 shares of the company's stock valued at $192,000 after acquiring an additional 1,270 shares during the last quarter. Versant Capital Management Inc boosted its stake in SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after buying an additional 1,921 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in SentinelOne by 27.9% in the 4th quarter. Wellington Management Group LLP now owns 1,443,286 shares of the company's stock worth $32,041,000 after buying an additional 314,506 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Stock Performance

Shares of NYSE:S traded down $0.37 on Monday, hitting $17.24. The company's stock had a trading volume of 10,639,834 shares, compared to its average volume of 5,067,325. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of -18.34 and a beta of 0.81. The stock's 50-day moving average is $18.50 and its two-hundred day moving average is $21.49.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The company's revenue was up 22.9% on a year-over-year basis. Equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In related news, CFO Barbara A. Larson sold 10,172 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $201,100.44. Following the completion of the transaction, the chief financial officer now owns 473,223 shares of the company's stock, valued at $9,355,618.71. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 3,187 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $59,086.98. Following the transaction, the insider now directly owns 1,058,025 shares of the company's stock, valued at $19,615,783.50. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on S. Canaccord Genuity Group reduced their price objective on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. 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 note on Monday, March 31st. UBS Group reduced their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday. Bank of America reaffirmed a "neutral" rating and issued a $21.00 price objective on shares of SentinelOne in a research note on Thursday. Finally, Roth Capital set a $26.00 target price on SentinelOne and gave the company a "buy" rating in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.77.

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.