Cerity Partners LLC Has $889,000 Position in SentinelOne, Inc. (NYSE:S)

Cerity Partners LLC raised its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 110.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,886 shares of the company's stock after buying an additional 25,648 shares during the period. Cerity Partners LLC's holdings in SentinelOne were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its holdings in SentinelOne by 66.3% in the fourth quarter. LPL Financial LLC now owns 127,666 shares of the company's stock valued at $2,834,000 after purchasing an additional 50,917 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of SentinelOne by 13.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 43,343 shares of the company's stock valued at $962,000 after acquiring an additional 4,978 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of SentinelOne by 11,049.7% in the 1st 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. M&T Bank Corp increased its holdings in shares of SentinelOne by 71.9% in the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock valued at $782,000 after acquiring an additional 17,998 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of SentinelOne in the 1st quarter valued at about $250,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on S shares. Morgan Stanley dropped their target price on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Barclays decreased their price target on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 price target (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, May 23rd. Finally, Stephens reissued an "overweight" rating and set a $25.00 price target on shares of SentinelOne in a research note on Tuesday, May 27th. Ten equities research 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.com, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Trading Up 0.5%

Shares of S stock traded up $0.10 during trading hours on Friday, hitting $19.57. 6,699,033 shares of the company were exchanged, compared to its average volume of 7,664,348. The business has a 50 day moving average of $18.36 and a two-hundred day moving average of $19.67. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29. The company has a market capitalization of $6.51 billion, a PE ratio of -14.82 and a beta of 0.77.

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

Insider Activity

In other news, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction dated 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 $18,838,344.32. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 10,336 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the sale, the chief executive officer owned 1,571,060 shares of the company's stock, valued at approximately $29,127,452.40. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,619 shares of company stock valued at $1,386,302 in the last quarter. Company insiders own 4.33% of the company's stock.

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.