Raymond James Financial Services Advisors Inc. Raises Stock Position in SentinelOne, Inc. (NYSE:S)

Raymond James Financial Services Advisors Inc. grew its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 185.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 162,807 shares of the company's stock after buying an additional 105,715 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.05% of SentinelOne worth $4,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of S. Raymond James & Associates raised its position in shares of SentinelOne by 210.6% in the 4th quarter. Raymond James & Associates now owns 141,428 shares of the company's stock worth $3,881,000 after acquiring an additional 95,893 shares in the last quarter. Legato Capital Management LLC raised its position in shares of SentinelOne by 79.7% in the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company's stock worth $768,000 after acquiring an additional 12,407 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of SentinelOne in the 4th quarter worth approximately $1,926,000. Wedmont Private Capital bought a new position in SentinelOne during the 4th quarter valued at approximately $297,000. Finally, Renaissance Capital LLC increased its position in SentinelOne by 28.4% during the 4th quarter. Renaissance Capital LLC now owns 149,225 shares of the company's stock valued at $4,095,000 after buying an additional 33,010 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Price Performance

Shares of S stock traded up $0.74 during trading hours on Friday, hitting $22.60. The stock had a trading volume of 5,568,187 shares, compared to its average volume of 7,303,222. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $30.76. The stock's 50-day moving average price is $26.21 and its two-hundred day moving average price is $22.42. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of -19.48 and a beta of 0.66.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $174.18 million during the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm's revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) earnings per share. As a group, equities research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on S. Susquehanna started coverage on SentinelOne in a research report on Friday, December 15th. They set a "positive" rating and a $35.00 price objective for the company. JMP Securities reiterated a "market outperform" rating and set a $33.00 target price on shares of SentinelOne in a research note on Monday, April 1st. Needham & Company LLC increased their target price on SentinelOne from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, March 12th. The Goldman Sachs Group increased their target price on SentinelOne from $19.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, February 21st. Finally, BTIG Research upgraded SentinelOne from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.04.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, Director Mark S. Peek bought 10,000 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of $22.36 per share, for a total transaction of $223,600.00. Following the completion of the transaction, the director now directly owns 80,000 shares of the company's stock, valued at $1,788,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Mark S. Peek acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The shares were bought at an average price of $22.36 per share, with a total value of $223,600.00. Following the completion of the purchase, the director now directly owns 80,000 shares in the company, valued at $1,788,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $27.68, for a total value of $72,826.08. Following the completion of the transaction, the chief financial officer now directly owns 347,153 shares in the company, valued at approximately $9,609,195.04. The disclosure for this sale can be found here. Insiders sold 236,191 shares of company stock worth $6,455,021 over the last 90 days. Company insiders own 5.93% of the company's stock.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.