Vident Advisory LLC Raises Stock Holdings in SentinelOne, Inc. $S

Key Points

• Vident Advisory LLC increased its holdings in SentinelOne, Inc. by 127.5%, owning 485,648 shares worth approximately $8.8 million after purchasing an additional 272,186 shares during the quarter.
• Several analysts have raised their price targets for SentinelOne's stock, with Barclays setting a new target of $21.00 and Robert W. Baird increasing it to $23.00, reflecting strong interest from investors.
• Insider trading activity saw the chief accounting officer and CEO sell shares at an average price of $17.31, together totaling over $603,000, while insiders collectively own 4.33% of the stock.

Vident Advisory LLC boosted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 127.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 485,648 shares of the company's stock after buying an additional 272,186 shares during the quarter. Vident Advisory LLC owned 0.15% of SentinelOne worth $8,829,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co purchased a new position in SentinelOne in the 1st quarter worth about $26,000. Parallel Advisors LLC raised its position in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares during the last quarter. GAMMA Investing LLC raised its position in SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after buying an additional 1,622 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the 4th quarter worth about $38,000. Finally, Versant Capital Management Inc raised its position in SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after buying an additional 1,921 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on S shares. Barclays boosted their target price on SentinelOne from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday. Robert W. Baird upped their price target on shares of SentinelOne from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $29.00 price target on shares of SentinelOne in a research report on Friday. UBS Group upped their price target on shares of SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Rosenblatt Securities assumed coverage on shares of SentinelOne in a research report on Friday, July 18th. They set a "buy" rating and a $24.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.33.

Insider Activity

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

SentinelOne Stock Up 7.4%

NYSE S opened at $18.91 on Friday. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29. The firm has a market capitalization of $6.29 billion, a P/E ratio of -14.33 and a beta of 0.77. The company has a 50-day moving average price of $17.80 and a 200-day moving average price of $18.68.

SentinelOne (NYSE:S - Get Free Report) last released its 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. The company had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 15.96%. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current 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.

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