Crestone Asset Management LLC Reduces Stock Position in SentinelOne, Inc. (NYSE:S)

Crestone Asset Management LLC cut its position in shares of SentinelOne, Inc. (NYSE:S) by 23.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,869 shares of the company’s stock after selling 2,723 shares during the quarter. Crestone Asset Management LLC’s holdings in SentinelOne were worth $243,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Montag A & Associates Inc. boosted its position in shares of SentinelOne by 143.0% during the third quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after buying an additional 1,200 shares during the period. Acadian Asset Management LLC purchased a new stake in SentinelOne during the 3rd quarter worth about $38,000. Cary Street Partners Investment Advisory LLC acquired a new stake in SentinelOne in the third quarter valued at approximately $55,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of SentinelOne by 16.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company’s stock worth $108,000 after purchasing an additional 900 shares during the last quarter. Finally, Pursue Wealth Partners LLC acquired a new position in shares of SentinelOne during the 4th quarter worth about $205,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Trading Down 3.3 %

Shares of S traded down $0.71 during mid-day trading on Wednesday, hitting $20.96. The company’s stock had a trading volume of 4,171,546 shares, compared to its average volume of 5,523,666. SentinelOne, Inc. has a 1-year low of $12.43 and a 1-year high of $30.76. The firm has a market capitalization of $6.50 billion, a P/E ratio of -18.07 and a beta of 0.69. The firm has a 50-day simple moving average of $23.18 and a 200 day simple moving average of $23.21.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, March 13th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $174.18 million for the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The business’s revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) EPS. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on S shares. Sanford C. Bernstein raised their price objective on shares of SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Wedbush boosted their price target on shares of SentinelOne from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Needham & Company LLC raised their price objective on SentinelOne from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Morgan Stanley lifted their target price on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Guggenheim upped their target price on SentinelOne from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of “Hold” and an average target price of $26.08.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 47,365 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $22.28, for a total value of $1,055,292.20. Following the completion of the transaction, the chief executive officer now directly owns 1,285,122 shares of the company’s stock, valued at approximately $28,632,518.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 47,365 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the completion of the transaction, the chief executive officer now directly owns 1,285,122 shares in the company, valued at approximately $28,632,518.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robin Tomasello sold 4,001 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the completion of the sale, the chief accounting officer now directly owns 203,196 shares in the company, valued at approximately $5,537,091. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,830 shares of company stock worth $7,301,802. 5.93% of the stock is owned by company insiders.

SentinelOne Company 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.