NewEdge Wealth LLC Takes Position in SentinelOne, Inc. (NYSE:S)

NewEdge Wealth LLC acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 600,798 shares of the company's stock, valued at approximately $16,486,000. NewEdge Wealth LLC owned approximately 0.20% of SentinelOne as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in shares of SentinelOne by 3.8% in the first quarter. Commonwealth Equity Services LLC now owns 18,039 shares of the company's stock worth $295,000 after buying an additional 653 shares in the last quarter. Sei Investments Co. lifted its position in shares of SentinelOne by 1.0% in the fourth quarter. Sei Investments Co. now owns 72,447 shares of the company's stock worth $1,057,000 after buying an additional 723 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of SentinelOne by 5.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 15,446 shares of the company's stock worth $260,000 after buying an additional 836 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of SentinelOne by 16.4% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company's stock worth $108,000 after buying an additional 900 shares in the last quarter. Finally, Creative Planning lifted its position in shares of SentinelOne by 3.6% in the fourth quarter. Creative Planning now owns 27,282 shares of the company's stock worth $398,000 after buying an additional 954 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 47,365 shares of the company's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares in the company, valued at $28,632,518.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the sale, the insider now owns 5,025 shares in the company, valued at approximately $116,077.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 47,365 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $22.28, for a total value of $1,055,292.20. Following the sale, the chief executive officer now owns 1,285,122 shares of the company's stock, valued at approximately $28,632,518.16. The disclosure for this sale can be found here. Insiders sold a total of 321,583 shares of company stock worth $8,355,882 over the last 90 days. Company insiders own 5.93% of the company's stock.

SentinelOne Stock Down 3.4 %

NYSE:S traded down $0.77 during midday trading on Friday, hitting $21.72. The stock had a trading volume of 3,135,721 shares, compared to its average volume of 6,065,879. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $30.76. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of -18.72 and a beta of 0.66. The stock has a 50-day moving average of $25.69 and a 200 day moving average of $22.59.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The company had revenue of $174.18 million for the quarter, compared to analysts' expectations of $169.40 million. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. SentinelOne's revenue was up 38.1% compared to the same quarter last year. On average, sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on S shares. Bank of America upgraded SentinelOne from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $26.50 to $35.00 in a research report on Wednesday, February 14th. The Goldman Sachs Group boosted their price objective on SentinelOne from $19.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 21st. Morgan Stanley boosted their price objective on SentinelOne from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Thursday, March 14th. Guggenheim boosted their price objective on SentinelOne from $26.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Finally, Loop Capital boosted their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $26.04.

SentinelOne Company 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.

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