Rafferty Asset Management LLC Sells 30,489 Shares of SentinelOne, Inc. (NYSE:S)

Rafferty Asset Management LLC cut its position in SentinelOne, Inc. (NYSE:SFree Report) by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,070 shares of the company’s stock after selling 30,489 shares during the quarter. Rafferty Asset Management LLC’s holdings in SentinelOne were worth $1,758,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in S. Montag A & Associates Inc. lifted its position 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 valued at $34,000 after acquiring an additional 1,200 shares during the period. Acadian Asset Management LLC bought a new stake in shares of SentinelOne during the 3rd quarter worth $38,000. Cary Street Partners Investment Advisory LLC acquired a new position in SentinelOne in the 3rd quarter worth about $55,000. KBC Group NV acquired a new position in SentinelOne in the 4th quarter worth about $143,000. Finally, Aigen Investment Management LP acquired a new position in SentinelOne in the 3rd quarter worth about $193,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Up 3.0 %

S stock opened at $17.69 on Tuesday. SentinelOne, Inc. has a twelve month low of $13.87 and a twelve month high of $30.76. The stock’s 50 day moving average is $21.05 and its 200-day moving average is $23.90. The firm has a market capitalization of $5.53 billion, a PE ratio of -17.34 and a beta of 0.59.

SentinelOne (NYSE:SGet Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The company had revenue of $186.36 million during the quarter, compared to the consensus estimate of $181.11 million. During the same quarter in the prior year, the business earned ($0.35) EPS. The firm’s revenue for the quarter 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.

Insider Activity

In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the sale, the insider now directly owns 5,025 shares of the company’s stock, valued at $116,077.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the sale, the insider now directly owns 5,025 shares of the company’s stock, valued at $116,077.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 91,914 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $21.14, for a total value of $1,943,061.96. Following the sale, the chief executive officer now directly owns 1,183,043 shares of the company’s stock, valued at $25,009,529.02. The disclosure for this sale can be found here. Insiders have sold 364,085 shares of company stock worth $7,574,423 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna lowered their target price on SentinelOne from $35.00 to $22.00 and set a “positive” rating for the company in a report on Friday, May 31st. Sanford C. Bernstein upped their target price on SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Guggenheim upped their target price on SentinelOne from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. The Goldman Sachs Group increased their price target on SentinelOne from $19.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Finally, Citigroup decreased their price target on SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.08.

Get Our Latest Analysis on S

SentinelOne Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding S? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SentinelOne, Inc. (NYSE:SFree Report).

Institutional Ownership by Quarter for SentinelOne (NYSE:S)

Receive News & Ratings for SentinelOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SentinelOne and related companies with MarketBeat.com's FREE daily email newsletter.