SentinelOne, Inc. (NYSE:S) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC reduced its position in SentinelOne, Inc. (NYSE:S - Free Report) by 22.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,643 shares of the company's stock after selling 38,436 shares during the quarter. Summit Trail Advisors LLC's holdings in SentinelOne were worth $2,393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares during the period. CENTRAL TRUST Co purchased a new position in SentinelOne during the 1st quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SentinelOne during the 4th quarter worth approximately $38,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of SentinelOne in the 4th quarter valued at approximately $40,000. Finally, GAMMA Investing LLC lifted its position in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after buying an additional 1,622 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Keenan Michael Conder sold 11,097 shares of the business's 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 sale, the insider 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $18.54, for a total transaction of $191,629.44. Following the transaction, the chief executive officer owned 1,571,060 shares of the company's stock, valued at $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,347 shares of company stock valued at $3,464,807 in the last three months. 4.33% of the stock is currently owned by company insiders.

SentinelOne Stock Up 1.6%

S traded up $0.30 on Friday, reaching $18.43. The company's stock had a trading volume of 2,738,642 shares, compared to its average volume of 5,166,369. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of -13.96 and a beta of 0.77. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The stock has a 50 day moving average of $18.61 and a two-hundred day moving average of $20.10.

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 for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The business's revenue was up 22.9% on a year-over-year basis. As a group, analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler cut their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Roth Mkm assumed coverage on shares of SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective for the company. DA Davidson lowered their target price on SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Cantor Fitzgerald restated an "overweight" rating and set a $24.00 price target on shares of SentinelOne in a research note on Friday, May 23rd. Finally, Guggenheim reiterated a "buy" rating and issued a $28.00 price target on shares of SentinelOne in a research report on Wednesday, May 21st. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.83.

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.