NewEdge Wealth LLC Has $18.89 Million Stake in SentinelOne, Inc. (NYSE:S)

NewEdge Wealth LLC boosted its position in shares of SentinelOne, Inc. (NYSE:S) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 851,072 shares of the company’s stock after acquiring an additional 53,865 shares during the quarter. NewEdge Wealth LLC owned 0.26% of SentinelOne worth $18,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in S. Blue Trust Inc. lifted its stake in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,223 shares during the last quarter. Raymond James & Associates boosted its stake in shares of SentinelOne by 3.4% during the 3rd quarter. Raymond James & Associates now owns 318,798 shares of the company’s stock worth $7,626,000 after acquiring an additional 10,572 shares during the period. Private Advisor Group LLC increased its holdings in shares of SentinelOne by 13.5% during the 3rd quarter. Private Advisor Group LLC now owns 17,598 shares of the company’s stock worth $421,000 after acquiring an additional 2,093 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of SentinelOne by 2,197.7% during the 3rd quarter. International Assets Investment Management LLC now owns 291,274 shares of the company’s stock worth $6,967,000 after acquiring an additional 278,597 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in SentinelOne in the 3rd quarter valued at $457,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of S stock opened at $21.03 on Thursday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock’s fifty day moving average price is $22.99 and its two-hundred day moving average price is $24.33. The company has a market cap of $6.76 billion, a PE ratio of -22.38 and a beta of 0.75.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) earnings per share. On average, equities analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the sale, the insider now owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 371,925 shares of company stock valued at $8,729,445. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on S shares. Guggenheim reaffirmed a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Sanford C. Bernstein reduced their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Cantor Fitzgerald began coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price target on the stock. Westpark Capital restated a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Finally, UBS Group downgraded SentinelOne from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $25.00 in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $29.48.

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.