Raymond James Financial Inc. Boosts Stake in SentinelOne, Inc. $S

Key Points

• Raymond James Financial Inc. increased its stake in SentinelOne, Inc. by 29.7%, acquiring an additional 348,940 shares, bringing its total holdings to approximately 1.52 million shares valued at $27.7 million.
• SentinelOne reported a revenue increase of 22.9% year-over-year, with Q1 earnings meeting analysts' expectations at $0.02 EPS.
• Currently, 90.87% of SentinelOne's stock is owned by institutional investors, reflecting strong interest from larger financial entities.

Raymond James Financial Inc. boosted its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,523,786 shares of the company's stock after acquiring an additional 348,940 shares during the period. Raymond James Financial Inc. owned 0.46% of SentinelOne worth $27,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of SentinelOne by 4.6% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after acquiring an additional 724 shares during the period. Parallel Advisors LLC increased its stake in SentinelOne by 94.0% during the 1st 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. Liberty One Investment Management LLC boosted its holdings in shares of SentinelOne by 11.1% in the 1st quarter. Liberty One Investment Management LLC now owns 9,435 shares of the company's stock valued at $172,000 after purchasing an additional 944 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of SentinelOne by 5.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 19,272 shares of the company's stock valued at $350,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of SentinelOne by 9.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 12,918 shares of the company's stock valued at $235,000 after purchasing an additional 1,136 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Price Performance

Shares of S traded up $1.09 during trading hours on Friday, hitting $18.70. The stock had a trading volume of 12,461,819 shares, compared to its average volume of 5,820,309. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The firm has a market capitalization of $6.22 billion, a PE ratio of -14.16 and a beta of 0.77. The stock has a fifty day moving average price of $17.77 and a 200 day moving average price of $18.71.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on S. Cantor Fitzgerald restated an "overweight" rating and issued a $24.00 price objective on shares of SentinelOne in a report on Friday. Westpark Capital restated a "buy" rating and set a $25.00 price objective on shares of SentinelOne in a research note on Friday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Jefferies Financial Group restated a "buy" rating on shares of SentinelOne in a research report on Friday. Finally, BTIG Research reaffirmed a "neutral" rating on shares of SentinelOne in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.26.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 2,921 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $50,562.51. Following the completion of the transaction, the chief accounting officer owned 306,044 shares of the company's stock, valued at approximately $5,297,621.64. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction dated 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 approximately $10,900,948.96. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have 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.