Frank Rimerman Advisors LLC Lowers Stock Holdings in SentinelOne, Inc. $S

Frank Rimerman Advisors LLC cut its position in SentinelOne, Inc. (NYSE:S) by 52.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 197,123 shares of the company’s stock after selling 219,645 shares during the period. Frank Rimerman Advisors LLC’s holdings in SentinelOne were worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in SentinelOne during the 2nd quarter valued at about $29,000. First Horizon Advisors Inc. increased its stake in SentinelOne by 287.8% during the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock worth $45,000 after purchasing an additional 1,810 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in shares of SentinelOne by 66.7% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock worth $55,000 after purchasing an additional 1,203 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of SentinelOne by 25.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after purchasing an additional 692 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of SentinelOne by 15,900.0% in the third quarter. Global Retirement Partners LLC now owns 3,680 shares of the company’s stock valued at $65,000 after purchasing an additional 3,657 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 0.8%

Shares of S opened at $13.96 on Friday. The firm’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $16.69. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -11.17 and a beta of 0.77. SentinelOne, Inc. has a twelve month low of $13.46 and a twelve month high of $25.24.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America cut their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Westpark Capital restated a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, December 5th. UBS Group lowered SentinelOne from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of SentinelOne in a research note on Friday, December 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of SentinelOne in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.72.

Insiders Place Their Bets

In other SentinelOne news, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $14.58, for a total value of $124,061.22. Following the transaction, the chief accounting officer directly owned 285,551 shares in the company, valued at $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 125,429 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the sale, the chief executive officer directly owned 1,093,108 shares in the company, valued at approximately $16,494,999.72. The trade was a 10.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 361,394 shares of company stock worth $5,558,207. 4.33% of the stock is currently owned by company insiders.

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.