Waverly Advisors LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Waverly Advisors LLC purchased a new position in SentinelOne, Inc. (NYSE:S) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,168 shares of the company’s stock, valued at approximately $1,216,000.

Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of SentinelOne in the 4th quarter valued at approximately $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in SentinelOne during the first quarter valued at $80,000. Advisors Asset Management Inc. increased its position in SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after acquiring an additional 743 shares during the last quarter. Optimum Investment Advisors raised its stake in shares of SentinelOne by 56,000.0% in the first quarter. Optimum Investment Advisors now owns 5,610 shares of the company’s stock valued at $131,000 after acquiring an additional 5,600 shares during the period. Finally, KBC Group NV bought a new stake in shares of SentinelOne in the 4th quarter worth about $143,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

S has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $33.00 price objective on shares of SentinelOne in a research report on Friday, May 31st. Barclays reduced their price target on SentinelOne from $27.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Baird R W upgraded SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Guggenheim reiterated a “buy” rating and set a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. Finally, Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and lowered their target price for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.87.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $216,107.90. Following the transaction, the chief executive officer now directly 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 available through this hyperlink. In related news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction 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 $27,105,585.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the transaction, the insider now owns 639,834 shares in the company, valued at approximately $15,061,692.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 639,582 shares of company stock worth $12,655,659. 5.60% of the stock is owned by corporate insiders.

SentinelOne Price Performance

SentinelOne stock opened at $22.95 on Wednesday. SentinelOne, Inc. has a 1-year low of $13.87 and a 1-year high of $30.76. The business has a fifty day moving average price of $20.04 and a 200-day moving average price of $22.93. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of -22.11 and a beta of 0.66.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share 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 during the quarter, compared to analyst estimates of $181.11 million. During the same period in the prior year, the business posted ($0.35) EPS. SentinelOne’s revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

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.