Virtu Financial LLC Takes $913,000 Position in SentinelOne, Inc. (NYSE:S)

Key Points

• Virtu Financial LLC acquired a new stake in SentinelOne, Inc. valued at approximately $913,000, purchasing 50,235 shares during the first quarter.
• The company's recent performance includes a revenue of $229.03 million for the last quarter, reflecting a 22.9% increase compared to the same quarter last year.
• SentinelOne currently has a market capitalization of $5.26 billion and is rated as a "Moderate Buy" by analysts, with an average price target of $24.80.

Virtu Financial LLC purchased a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 50,235 shares of the company's stock, valued at approximately $913,000.

Several other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new position in SentinelOne in the first quarter valued at about $26,000. 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 acquiring 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 acquiring an additional 1,622 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SentinelOne in the fourth quarter worth about $38,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in SentinelOne in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Price Performance

SentinelOne stock opened at $15.82 on Tuesday. The stock has a market capitalization of $5.26 billion, a PE ratio of -11.98 and a beta of 0.77. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The business has a 50 day simple moving average of $18.05 and a 200-day simple moving average of $19.28.

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

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 15,163 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $16.68, for a total transaction of $252,918.84. Following the completion of the sale, the insider directly owned 976,056 shares in the company, valued at approximately $16,280,614.08. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keenan Michael Conder sold 5,827 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 $100,865.37. Following the sale, the insider owned 590,505 shares of the company's stock, valued at $10,221,641.55. The trade was a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,730 shares of company stock valued at $2,366,017 over the last ninety days. Company insiders own 4.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $24.00 price target on shares of SentinelOne in a report on Friday, May 23rd. Roth Mkm assumed coverage on SentinelOne in a report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price target for the company. Westpark Capital lowered their price target on SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, May 29th. UBS Group decreased their target price on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Rosenblatt Securities assumed coverage on SentinelOne in a report on Friday, July 18th. They set a "buy" rating and a $24.00 target price for the company. Ten analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne has a consensus rating of "Moderate Buy" and an average price target of $24.80.

SentinelOne Company 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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