LPL Financial LLC Increases Stock Position in SentinelOne, Inc. $S

LPL Financial LLC grew its position in shares of SentinelOne, Inc. (NYSE:S) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,558 shares of the company’s stock after acquiring an additional 2,892 shares during the period. LPL Financial LLC’s holdings in SentinelOne were worth $2,374,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co purchased a new position in SentinelOne during the 1st quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SentinelOne during the fourth quarter valued at about $38,000. GAMMA Investing LLC raised its stake in SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,622 shares in the last quarter. 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 worth $35,000 after buying an additional 942 shares during the period. Finally, Versant Capital Management Inc boosted its position in SentinelOne by 510.9% during the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company’s stock valued at $42,000 after acquiring an additional 1,921 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Trading Up 1.1%

NYSE:S opened at $16.99 on Tuesday. The company has a market cap of $5.65 billion, a PE ratio of -12.87 and a beta of 0.77. The company has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $19.03. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The company had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The business’s revenue was up 22.9% compared to the same quarter last year. Research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 15,163 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $16.68, for a total value of $252,918.84. Following the transaction, the insider directly owned 976,056 shares of the company’s stock, valued at approximately $16,280,614.08. This trade represents a 1.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robin Tomasello sold 2,921 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $50,562.51. Following the sale, the chief accounting officer directly owned 306,044 shares of the company’s stock, valued at $5,297,621.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on S shares. Sanford C. Bernstein lowered their price target on shares of SentinelOne from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, May 29th. Jefferies Financial Group reiterated a “buy” rating on shares of SentinelOne in a report on Tuesday, August 5th. Roth Capital set a $26.00 price target on SentinelOne and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Guggenheim reissued a “buy” rating and issued a $28.00 target price on shares of SentinelOne in a report on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.80.

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.