Avondale Wealth Management Sells 22,500 Shares of SentinelOne, Inc. $S

Key Points

• Avondale Wealth Management reduced its stake in SentinelOne, Inc. by 39.6%, selling 22,500 shares, leaving it with 34,250 shares valued at approximately $626,000.
• Insider selling has been notable, with CEO Tomer Weingarten offloading 162,794 shares for around $2.99 million.
• The stock has been rated with a consensus of "Moderate Buy" and an average price target of $24.26 from several analysts, indicating positive sentiment among investment professionals.

Avondale Wealth Management cut its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 39.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,250 shares of the company's stock after selling 22,500 shares during the period. SentinelOne comprises approximately 0.3% of Avondale Wealth Management's holdings, making the stock its 29th largest holding. Avondale Wealth Management's holdings in SentinelOne were worth $626,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. California State Teachers Retirement System raised its stake in SentinelOne by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 259,147 shares of the company's stock worth $5,753,000 after acquiring an additional 1,210 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 1,921 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of SentinelOne by 13.7% in the 1st quarter. Moody National Bank Trust Division now owns 10,540 shares of the company's stock worth $192,000 after purchasing an additional 1,270 shares during the last quarter. GAMMA Investing LLC increased its position in shares of SentinelOne by 11,049.7% during the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock worth $641,000 after purchasing an additional 34,917 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after purchasing an additional 942 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Stock Up 0.2%

Shares of S stock opened at $18.17 on Monday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of -13.77 and a beta of 0.78. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The stock has a 50-day moving average price of $17.95 and a 200 day moving average price of $18.22.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Keenan Michael Conder sold 11,098 shares of SentinelOne stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $207,421.62. Following the completion of the sale, the insider owned 579,407 shares of the company's stock, valued at approximately $10,829,116.83. The trade was a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 162,794 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the sale, the chief executive officer owned 1,298,982 shares of the company's stock, valued at $23,875,289.16. The trade was a 11.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,753 shares of company stock worth $6,195,217 in the last 90 days. Corporate insiders own 4.33% of the company's stock.

Wall Street Analyst Weigh In

S has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of SentinelOne from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Wells Fargo & Company boosted their target price on SentinelOne from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Westpark Capital restated a "buy" rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $24.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. Finally, Citigroup reissued a "neutral" rating on shares of SentinelOne in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.26.

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.

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