Sigma Planning Corp Acquires Shares of 8,600 SentinelOne, Inc. (NYSE:S)

Sigma Planning Corp acquired a new stake in SentinelOne, Inc. (NYSE:S) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,600 shares of the company’s stock, valued at approximately $236,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC increased its stake in shares of SentinelOne by 5.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,446 shares of the company’s stock worth $260,000 after purchasing an additional 836 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of SentinelOne by 16.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company’s stock worth $108,000 after purchasing an additional 900 shares during the last quarter. Montag A & Associates Inc. increased its stake in shares of SentinelOne by 143.0% during the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the last quarter. Triumph Capital Management increased its stake in shares of SentinelOne by 8.7% during the 3rd quarter. Triumph Capital Management now owns 18,210 shares of the company’s stock worth $307,000 after purchasing an additional 1,465 shares during the last quarter. Finally, PFG Investments LLC increased its stake in shares of SentinelOne by 9.1% during the 4th quarter. PFG Investments LLC now owns 23,457 shares of the company’s stock worth $644,000 after purchasing an additional 1,963 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Bank of America upgraded shares of SentinelOne from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.50 to $35.00 in a research note on Wednesday, February 14th. Sanford C. Bernstein raised their target price on shares of SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. JMP Securities reiterated a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research note on Monday, April 1st. Guggenheim raised their target price on shares of SentinelOne from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Citigroup raised their target price on shares of SentinelOne from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.08.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $21.56 on Monday. The firm’s 50-day simple moving average is $24.06 and its 200-day simple moving average is $22.98. SentinelOne, Inc. has a twelve month low of $12.43 and a twelve month high of $30.76. The firm has a market cap of $6.68 billion, a P/E ratio of -18.59 and a beta of 0.66.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The firm had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. During the same period last year, the firm posted ($0.30) EPS. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. On average, equities analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 47,365 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,285,122 shares of the company’s stock, valued at $28,632,518.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO David J. Bernhardt sold 34,021 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $30.03, for a total transaction of $1,021,650.63. Following the completion of the transaction, the chief financial officer now owns 403,132 shares in the company, valued at $12,106,053.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 47,365 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the transaction, 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. Over the last three months, insiders sold 296,833 shares of company stock valued at $7,717,085. Insiders own 5.93% of the company’s stock.

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.