Farther Finance Advisors LLC Has $277,000 Holdings in SentinelOne, Inc. (NYSE:S)

Farther Finance Advisors LLC lifted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,861 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Farther Finance Advisors LLC’s holdings in SentinelOne were worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne in the fourth quarter valued at $38,000. Foster Dykema Cabot & Partners LLC acquired a new position in SentinelOne in the fourth quarter valued at $40,000. Parallel Advisors LLC lifted its holdings in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock valued at $35,000 after buying an additional 942 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in SentinelOne by 866.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock valued at $46,000 after buying an additional 1,846 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Down 1.1%

Shares of S opened at $17.61 on Thursday. The stock has a market capitalization of $5.85 billion, a P/E ratio of -13.34 and a beta of 0.77. The firm has a fifty day simple moving average of $18.44 and a two-hundred day simple moving average of $20.70. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The firm had revenue of $229.03 million during the quarter, compared to analysts’ expectations of $228.39 million. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. Sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 10,624 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $210,036.48. Following the completion of the sale, the insider now directly owns 488,122 shares in the company, valued at $9,650,171.94. This represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $19.17, for a total value of $1,166,762.88. Following the completion of the sale, the chief executive officer now owns 920,297 shares of the company’s stock, valued at $17,642,093.49. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,689 shares of company stock worth $5,471,360. 4.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on S shares. Canaccord Genuity Group decreased their target price on SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. UBS Group decreased their target price on SentinelOne from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. Guggenheim reaffirmed a “buy” rating and issued a $28.00 target price on shares of SentinelOne in a research report on Wednesday, May 21st. DA Davidson decreased their target price on SentinelOne from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. Finally, Scotiabank decreased their target price on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

SentinelOne 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.