Balboa Wealth Partners Trims Stock Holdings in SentinelOne, Inc. (NYSE:S)

Balboa Wealth Partners reduced its position in shares of SentinelOne, Inc. (NYSE:S) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,300 shares of the company’s stock after selling 2,525 shares during the quarter. Balboa Wealth Partners’ holdings in SentinelOne were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. increased its holdings in SentinelOne by 143.0% during the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the period. Acadian Asset Management LLC purchased a new position in SentinelOne during the 3rd quarter worth $38,000. Cary Street Partners Investment Advisory LLC purchased a new position in SentinelOne during the 3rd quarter worth $55,000. Pursue Wealth Partners LLC purchased a new position in SentinelOne during the 4th quarter worth $205,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in SentinelOne during the 4th quarter worth $213,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of SentinelOne stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $23.10, for a total value of $197,874.60. Following the completion of the transaction, the insider now owns 5,025 shares in the company, valued at approximately $116,077.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of SentinelOne stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $23.10, for a total value of $197,874.60. Following the completion of the transaction, the insider now owns 5,025 shares in the company, valued at approximately $116,077.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 91,914 shares of SentinelOne stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $21.14, for a total value of $1,943,061.96. Following the completion of the transaction, the chief executive officer now owns 1,183,043 shares of the company’s stock, valued at approximately $25,009,529.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 370,855 shares of company stock worth $8,535,409. Insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

S traded up $0.10 on Thursday, reaching $22.29. 1,308,721 shares of the stock were exchanged, compared to its average volume of 5,225,188. The company’s 50-day moving average price is $21.96 and its 200 day moving average price is $23.63. SentinelOne, Inc. has a fifty-two week low of $12.43 and a fifty-two week high of $30.76.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on S shares. Bank of America upgraded SentinelOne from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.50 to $35.00 in a report on Wednesday, February 14th. Guggenheim lifted their price target on SentinelOne from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Wedbush lifted their price target on SentinelOne from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Needham & Company LLC lifted their price target on SentinelOne from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Finally, Sanford C. Bernstein lifted their price target on SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.08.

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.