Sugarloaf Wealth Management LLC Buys 700 Shares of SentinelOne, Inc. (NYSE:S)

Sugarloaf Wealth Management LLC grew its stake in shares of SentinelOne, Inc. (NYSE:S) by 56.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,950 shares of the company’s stock after purchasing an additional 700 shares during the period. Sugarloaf Wealth Management LLC’s holdings in SentinelOne were worth $41,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of S. Evoke Wealth LLC grew its holdings in SentinelOne by 0.3% in the fourth quarter. Evoke Wealth LLC now owns 141,557 shares of the company’s stock worth $3,884,000 after purchasing an additional 378 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in SentinelOne by 3.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,330 shares of the company’s stock worth $476,000 after purchasing an additional 519 shares during the period. Advisors Asset Management Inc. grew its holdings in SentinelOne by 19.3% in the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after purchasing an additional 743 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in SentinelOne in the fourth quarter worth about $30,000. Finally, Aigen Investment Management LP grew its holdings in SentinelOne by 14.0% in the fourth quarter. Aigen Investment Management LP now owns 13,022 shares of the company’s stock worth $357,000 after purchasing an additional 1,595 shares during the period. Institutional investors own 90.87% of the company’s stock.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the sale, the insider now owns 639,834 shares in the company, valued at approximately $15,061,692.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the sale, the insider now owns 639,834 shares in the company, valued at approximately $15,061,692.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $20.88, for a total transaction of $83,958.48. Following the sale, the chief financial officer now owns 528,359 shares of the company’s stock, valued at approximately $11,032,135.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 625,970 shares of company stock worth $12,366,268. 5.60% of the stock is currently owned by insiders.

SentinelOne Stock Performance

Shares of NYSE:S traded up $0.28 on Tuesday, reaching $20.71. The company’s stock had a trading volume of 3,777,011 shares, compared to its average volume of 5,657,521. SentinelOne, Inc. has a 52-week low of $13.87 and a 52-week high of $30.76. The company has a market cap of $6.48 billion, a P/E ratio of -20.30 and a beta of 0.66. The company has a 50-day simple moving average of $20.01 and a 200 day simple moving average of $22.81.

SentinelOne (NYSE:S) last released its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to the consensus estimate of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. SentinelOne’s revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) EPS. On average, equities research analysts forecast that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on S shares. JMP Securities reiterated a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a report on Friday, May 31st. Robert W. Baird started coverage on shares of SentinelOne in a report on Monday, July 15th. They set an “outperform” rating and a $25.00 price target on the stock. Wells Fargo & Company cut their price target on shares of SentinelOne from $26.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Baird R W upgraded shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Finally, Bank of America cut their price target on shares of SentinelOne from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.87.

About SentinelOne

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.