SentinelOne, Inc. (NYSE:S) Stake Lowered by Shelton Wealth Management LLC

Shelton Wealth Management LLC reduced its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 66.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,207 shares of the company's stock after selling 32,613 shares during the period. Shelton Wealth Management LLC's holdings in SentinelOne were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of S. CENTRAL TRUST Co bought a new stake in SentinelOne in the first quarter worth $26,000. Smartleaf Asset Management LLC boosted its holdings in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares in the last quarter. Parallel Advisors LLC boosted its holdings in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after purchasing an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its holdings in SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne in the fourth quarter worth $38,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Robin Tomasello sold 1,496 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $29,575.92. Following the completion of the sale, the chief accounting officer now owns 233,484 shares of the company's stock, valued at approximately $4,615,978.68. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ric Smith sold 23,518 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $18.30, for a total transaction of $430,379.40. Following the sale, the insider now directly owns 1,007,026 shares of the company's stock, valued at approximately $18,428,575.80. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 239,825 shares of company stock valued at $4,304,597 over the last quarter. Corporate insiders own 4.33% of the company's stock.

SentinelOne Stock Down 1.1%

NYSE:S opened at $17.61 on Friday. 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 $5.85 billion, a PE ratio of -13.34 and a beta of 0.77. The firm has a 50-day moving average price of $18.44 and a 200 day moving average price of $20.63.

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, hitting 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 firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. On average, research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Bank of America reiterated a "neutral" rating and issued a $21.00 price objective on shares of SentinelOne in a report on Thursday, May 29th. Barclays decreased their price objective on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $24.00 price objective on shares of SentinelOne in a report on Friday, May 23rd. Sanford C. Bernstein decreased their price target on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $18.00 price target (down from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Ten 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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