NewEdge Wealth LLC Boosts Stake in SentinelOne, Inc. (NYSE:S)

Key Points

• NewEdge Wealth LLC increased its stake in SentinelOne, Inc. by 16.6% during the first quarter, owning 992,440 shares valued at approximately $18 million.
• Insiders have recently sold substantial shares, with Ric Smith selling 27,481 shares and Keenan Michael Conder selling 11,097 shares, indicating a decrease in their ownership in the company.
• Analysts have mixed opinions on SentinelOne's stock, with target prices ranging from $17 to $26 and an overall rating of "Moderate Buy" based on analyst consensus.

NewEdge Wealth LLC raised its position in SentinelOne, Inc. (NYSE:S - Free Report) by 16.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 992,440 shares of the company's stock after purchasing an additional 141,368 shares during the quarter. NewEdge Wealth LLC owned 0.30% of SentinelOne worth $18,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in SentinelOne in the 1st quarter worth about $26,000. Parallel Advisors LLC increased its position in shares of 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 acquiring an additional 942 shares during the period. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SentinelOne during the fourth quarter worth approximately $38,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in shares of SentinelOne during the fourth quarter worth approximately $40,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $502,352.68. Following the completion of the transaction, the insider owned 1,030,544 shares of the company's stock, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the transaction, the insider directly owned 596,332 shares of the company's stock, valued at $10,900,948.96. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,619 shares of company stock valued at $1,386,302. Corporate insiders own 4.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reduced their target price on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. DA Davidson reduced their target price on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Roth Mkm assumed coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 target price on the stock. Rosenblatt Securities assumed coverage on shares of SentinelOne in a research report on Friday, July 18th. They set a "buy" rating and a $24.00 target price on the stock. Finally, Susquehanna reduced their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research report on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and a consensus target price of $24.80.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $17.95 on Friday. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The firm has a fifty day moving average price of $18.25 and a 200 day moving average price of $19.55. The stock has a market cap of $5.97 billion, a PE ratio of -13.60 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $228.39 million. The company's revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

SentinelOne 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.

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