Wealth Enhancement Advisory Services LLC Has $429,000 Stock Position in SentinelOne, Inc. (NYSE:S)

Wealth Enhancement Advisory Services LLC lifted its holdings in SentinelOne, Inc. (NYSE:S) by 51.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,617 shares of the company’s stock after acquiring an additional 8,025 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SentinelOne were worth $429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of SentinelOne by 94.0% in the 1st 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. GAMMA Investing LLC grew its holdings in shares of SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock valued at $35,000 after buying an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the 4th quarter valued at $38,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at $40,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on S shares. Guggenheim reaffirmed a “buy” rating and issued a $28.00 target price on shares of SentinelOne in a research note on Wednesday, May 21st. Needham & Company LLC reduced their price objective on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Cantor Fitzgerald restated an “overweight” rating and set a $24.00 price objective on shares of SentinelOne in a research note on Friday, May 23rd. Barclays reduced their price objective on shares of SentinelOne from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, May 29th. Finally, Scotiabank cut 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 note on Thursday, March 13th. Ten 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 stock. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $24.83.

Insider Buying and Selling

In related news, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total transaction of $202,853.16. Following the sale, the insider owned 596,332 shares in the company, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the sale, the chief executive officer owned 1,571,060 shares in the company, valued at $29,127,452.40. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,347 shares of company stock worth $3,464,807. Corporate insiders own 4.33% of the company’s stock.

SentinelOne Trading Up 1.6%

Shares of S opened at $18.43 on Monday. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The firm’s 50 day moving average is $18.61 and its 200-day moving average is $20.08. The stock has a market capitalization of $6.13 billion, a PE ratio of -13.96 and a beta of 0.77.

SentinelOne (NYSE:S) last announced 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 company had revenue of $229.03 million for the quarter, compared to analysts’ expectations of $228.39 million. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.