Truvestments Capital LLC Purchases New Holdings in SentinelOne, Inc. (NYSE:S)

Truvestments Capital LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,821 shares of the company’s stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in S. Newbridge Financial Services Group Inc. bought a new position in SentinelOne during the fourth quarter worth about $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of SentinelOne during the 1st quarter worth approximately $80,000. Advisors Asset Management Inc. increased its holdings in shares of SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares during the last quarter. Optimum Investment Advisors lifted its holdings in SentinelOne by 56,000.0% during the 1st quarter. Optimum Investment Advisors now owns 5,610 shares of the company’s stock valued at $131,000 after purchasing an additional 5,600 shares during the last quarter. Finally, KBC Group NV acquired a new stake in SentinelOne during the 4th quarter valued at $143,000. Institutional investors own 90.87% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $216,107.90. Following the completion of the sale, the chief executive officer now owns 1,274,957 shares of the company’s stock, valued at approximately $27,105,585.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $216,107.90. Following the transaction, the chief executive officer now directly owns 1,274,957 shares in the company, valued at approximately $27,105,585.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $55,935.06. Following the transaction, the chief financial officer now directly owns 532,380 shares in the company, valued at $11,318,398.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 639,582 shares of company stock worth $12,655,659. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

S has been the subject of a number of research analyst reports. Guggenheim restated a “buy” rating and set a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. Susquehanna decreased their price objective on SentinelOne from $35.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company lowered their price objective on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. UBS Group decreased their price target on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, DA Davidson raised their price target on shares of SentinelOne from $17.00 to $18.50 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.87.

SentinelOne Price Performance

Shares of S traded down $0.07 during trading hours on Friday, hitting $23.04. 7,235,494 shares of the stock were exchanged, compared to its average volume of 6,872,075. The firm has a market capitalization of $7.21 billion, a P/E ratio of -22.59 and a beta of 0.66. SentinelOne, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.76. The business has a 50-day moving average of $20.04 and a 200-day moving average of $22.97.

SentinelOne (NYSE:S) last released its earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. During the same period in the prior year, the business earned ($0.35) EPS. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share 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.