NewEdge Wealth LLC Sells 346,855 Shares of SentinelOne, Inc. $S

NewEdge Wealth LLC cut its stake in SentinelOne, Inc. (NYSE:S) by 38.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 566,165 shares of the company’s stock after selling 346,855 shares during the period. NewEdge Wealth LLC’s holdings in SentinelOne were worth $9,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in shares of SentinelOne in the second quarter valued at about $29,000. Rothschild Investment LLC grew its holdings in shares of SentinelOne by 8,812.0% during the third quarter. Rothschild Investment LLC now owns 2,228 shares of the company’s stock worth $39,000 after buying an additional 2,203 shares in the last quarter. First Horizon Advisors Inc. raised its position in SentinelOne by 287.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock valued at $45,000 after buying an additional 1,810 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in SentinelOne by 66.7% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock valued at $55,000 after acquiring an additional 1,203 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after acquiring an additional 692 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 1.4%

NYSE S opened at $13.54 on Friday. The firm has a market capitalization of $4.60 billion, a P/E ratio of -10.83 and a beta of 0.77. The firm’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $16.18. SentinelOne, Inc. has a 1 year low of $12.43 and a 1 year high of $23.00.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.25) EPS. On average, research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, CFO Barbara A. Larson sold 11,173 shares of SentinelOne stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares in the company, valued at approximately $7,993,493.04. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ana G. Pinczuk sold 11,900 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $176,358.00. Following the transaction, the insider directly owned 560,589 shares in the company, valued at $8,307,928.98. The trade was a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 331,694 shares of company stock valued at $4,849,673. 4.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on S shares. The Goldman Sachs Group lowered their price objective on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Morgan Stanley decreased their target price on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. DA Davidson lowered their price target on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. TD Cowen reissued a “buy” rating on shares of SentinelOne in a research report on Friday, December 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $17.00 price objective (down previously from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $21.67.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.