Truvestments Capital LLC Sells 18,120 Shares of SentinelOne, Inc. $S

Key Points

• Truvestments Capital LLC has significantly reduced its holdings in SentinelOne by 56.6%, leaving it with 13,867 shares valued at approximately $252,000.
• Multiple large investors, including Massachusetts Financial Services Co. and Vanguard Group Inc., have increased their stakes in SentinelOne, reflecting a broader institutional interest in the company.
• SentinelOne's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $23.88, despite reduced price objectives from several firms.

Truvestments Capital LLC lowered its position in SentinelOne, Inc. (NYSE:S - Free Report) by 56.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,867 shares of the company's stock after selling 18,120 shares during the quarter. Truvestments Capital LLC's holdings in SentinelOne were worth $252,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne during the 1st quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after buying an additional 942 shares during the period. GAMMA Investing LLC boosted its position in shares of SentinelOne by 513.3% during the 1st 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne during the 4th quarter worth $38,000. Finally, Versant Capital Management Inc boosted its position in shares of SentinelOne by 510.9% during the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after purchasing an additional 1,921 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 31,916 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $552,465.96. Following the completion of the sale, the chief executive officer owned 1,500,460 shares of the company's stock, valued at approximately $25,972,962.60. The trade was a 2.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Robin Tomasello sold 2,921 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 306,044 shares of the company's stock, valued at approximately $5,297,621.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,730 shares of company stock worth $2,366,017. 4.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group boosted their target price on shares of SentinelOne from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday. Jefferies Financial Group upped their target price on shares of SentinelOne from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday. Rosenblatt Securities initiated coverage on shares of SentinelOne in a report on Friday, July 18th. They issued a "buy" rating and a $24.00 target price on the stock. Scotiabank upped their target price on shares of SentinelOne from $18.00 to $21.00 and gave the company a "sector perform" rating in a report on Friday. 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 report on Thursday, May 29th. Three 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.33.

SentinelOne Trading Up 7.4%

NYSE S traded up $1.30 during trading on Friday, reaching $18.91. 19,336,839 shares of the company's stock were exchanged, compared to its average volume of 6,872,699. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The firm has a market capitalization of $6.29 billion, a PE ratio of -14.33 and a beta of 0.78. The company's fifty day simple moving average is $17.80 and its 200-day simple moving average is $18.59.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.The firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The firm's revenue was up 22.9% compared to the same quarter last year. Equities analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal 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.