Oppenheimer & Co. Inc. Raises Stake in SentinelOne, Inc. (NYSE:S)

Oppenheimer & Co. Inc. boosted its holdings in shares of SentinelOne, Inc. (NYSE:S – Get Rating) by 55.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,817 shares of the company’s stock after purchasing an additional 15,579 shares during the period. Oppenheimer & Co. Inc.’s holdings in SentinelOne were worth $639,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of S. Highland Capital Management LLC acquired a new position in SentinelOne during the fourth quarter worth about $1,124,000. State Board of Administration of Florida Retirement System boosted its stake in shares of SentinelOne by 17.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 137,220 shares of the company’s stock valued at $2,002,000 after purchasing an additional 20,680 shares during the period. Handelsbanken Fonder AB purchased a new position in shares of SentinelOne in the fourth quarter valued at $308,000. Daiwa Securities Group Inc. boosted its stake in shares of SentinelOne by 35.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,122 shares of the company’s stock valued at $60,000 after purchasing an additional 1,083 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in SentinelOne in the fourth quarter valued at $491,000. 79.18% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

NYSE S opened at $17.57 on Friday. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of -12.92 and a beta of 0.52. The stock’s 50 day moving average price is $16.22 and its two-hundred day moving average price is $16.01. SentinelOne, Inc. has a 52 week low of $12.69 and a 52 week high of $30.00.

SentinelOne (NYSE:S – Get Rating) last released its earnings results on Tuesday, March 14th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.03. The firm had revenue of $126.10 million for the quarter, compared to analysts’ expectations of $124.69 million. SentinelOne had a negative return on equity of 21.15% and a negative net margin of 89.70%. The business’s quarterly revenue was up 92.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.27) EPS. On average, equities research analysts forecast that SentinelOne, Inc. will post -1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on S shares. Canaccord Genuity Group initiated coverage on shares of SentinelOne in a report on Thursday, February 9th. They set a “buy” rating and a $20.00 target price on the stock. Wells Fargo & Company reduced their price objective on shares of SentinelOne from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 15th. Westpark Capital raised their price objective on shares of SentinelOne from $20.00 to $25.00 in a research report on Friday, April 14th. Stephens assumed coverage on shares of SentinelOne in a report on Thursday, April 20th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, Barclays reduced their price target on shares of SentinelOne from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $20.96.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 190,539 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the completion of the sale, the insider now owns 568,855 shares of the company’s stock, valued at approximately $8,731,924.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other SentinelOne news, insider Ric Smith sold 190,539 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the completion of the sale, the insider now owns 568,855 shares of the company’s stock, valued at approximately $8,731,924.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keenan Michael Conder sold 1,724 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $16.57, for a total value of $28,566.68. Following the transaction, the insider now owns 368,599 shares in the company, valued at approximately $6,107,685.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 360,785 shares of company stock valued at $5,854,733. 7.48% of the stock is owned by insiders.

SentinelOne Company Profile

(Get Rating)

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.