Frank Rimerman Advisors LLC Purchases 111,398 Shares of SentinelOne, Inc. (NYSE:S)

Key Points

• Frank Rimerman Advisors LLC increased its holdings in SentinelOne, Inc. by 44.8%, owning 360,106 shares valued at approximately $6.5 million, making it the fund's 28th largest position.
• Shares of SentinelOne opened at $16.06, with a market cap of $5.34 billion and a negative price-to-earnings ratio of -12.17.
• Equity analysts have set an average target price of $24.80 for SentinelOne, with a consensus rating of "Moderate Buy."

Frank Rimerman Advisors LLC raised its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 44.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,106 shares of the company's stock after buying an additional 111,398 shares during the period. SentinelOne accounts for 0.5% of Frank Rimerman Advisors LLC's holdings, making the stock its 28th largest holding. Frank Rimerman Advisors LLC owned approximately 0.11% of SentinelOne worth $6,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SentinelOne by 34.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 637,204 shares of the company's stock valued at $11,584,000 after acquiring an additional 162,501 shares during the last quarter. Deutsche Bank AG increased its stake in SentinelOne by 3.0% in the first quarter. Deutsche Bank AG now owns 900,381 shares of the company's stock valued at $16,369,000 after purchasing an additional 26,528 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SentinelOne by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,648,740 shares of the company's stock valued at $48,154,000 after purchasing an additional 10,543 shares in the last quarter. Vanguard Group Inc. increased its stake in SentinelOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock valued at $567,214,000 after purchasing an additional 1,318,533 shares in the last quarter. Finally, Maxi Investments CY Ltd increased its stake in SentinelOne by 102.1% in the first quarter. Maxi Investments CY Ltd now owns 121,550 shares of the company's stock valued at $2,210,000 after purchasing an additional 61,400 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Stock Performance

S traded down $0.21 during midday trading on Monday, reaching $15.82. The company had a trading volume of 6,944,791 shares, compared to its average volume of 8,714,942. The stock has a market cap of $5.26 billion, a PE ratio of -11.98 and a beta of 0.77. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The business has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $19.28.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on S. Bank of America reiterated a "neutral" rating and set a $21.00 price objective on shares of SentinelOne in a report on Thursday, May 29th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $19.00 price objective (down from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Guggenheim reiterated a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a report on Wednesday, May 21st. Cantor Fitzgerald reiterated an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a report on Friday, May 23rd. Finally, Susquehanna reduced their price objective on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a report on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and a consensus target price of $24.80.

Insider Buying and Selling at SentinelOne

In other news, CAO Robin Tomasello sold 2,921 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $50,562.51. Following the sale, the chief accounting officer owned 306,044 shares of the company's stock, valued at $5,297,621.64. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 15,163 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $16.68, for a total transaction of $252,918.84. Following the completion of the sale, the insider directly owned 976,056 shares in the company, valued at approximately $16,280,614.08. This trade represents a 1.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,730 shares of company stock worth $2,366,017. 4.33% of the stock is currently owned by company insiders.

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.