Merit Financial Group LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Merit Financial Group LLC bought a new stake in SentinelOne, Inc. (NYSE:S) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,740 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock worth $663,366,000 after acquiring an additional 399,056 shares during the last quarter. Sylebra Capital LLC boosted its stake in SentinelOne by 6.2% during the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after acquiring an additional 564,327 shares during the last quarter. Eminence Capital LP boosted its stake in SentinelOne by 6.4% during the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock worth $145,052,000 after acquiring an additional 392,986 shares during the last quarter. Invesco Ltd. boosted its stake in SentinelOne by 18.4% during the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after acquiring an additional 900,577 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after acquiring an additional 4,206,900 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on S shares. UBS Group reduced their price objective on shares of SentinelOne from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Barclays reduced their price objective on shares of SentinelOne from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 29th. Needham & Company LLC reduced their price objective on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Jefferies Financial Group dropped their target price on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, DA Davidson dropped their target price on shares of SentinelOne from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

Insiders Place Their Bets

In other SentinelOne news, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $201,100.44. Following the completion of the transaction, the chief financial officer now directly owns 473,223 shares of the company’s stock, valued at $9,355,618.71. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 31,659 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total transaction of $604,686.90. Following the completion of the sale, the insider now directly owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. The trade was a 6.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 413,967 shares of company stock valued at $7,674,963 over the last ninety days. 4.33% of the stock is currently owned by company insiders.

SentinelOne Trading Down 0.3%

Shares of S opened at $17.91 on Friday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -19.05 and a beta of 0.77. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29. The company’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $20.99.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue was up 22.9% on a year-over-year basis. As a group, research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

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.