Oppenheimer & Co. Inc. Increases Stake in SentinelOne, Inc. $S

Oppenheimer & Co. Inc. boosted its position in SentinelOne, Inc. (NYSE:S) by 136.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 204,021 shares of the company’s stock after acquiring an additional 117,745 shares during the period. Oppenheimer & Co. Inc. owned 0.06% of SentinelOne worth $3,593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new position in shares of SentinelOne in the second quarter worth about $29,000. First Horizon Advisors Inc. grew its stake 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 in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in SentinelOne by 66.7% during 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 during the period. Daiwa Securities Group Inc. raised its holdings in SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after acquiring an additional 692 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of SentinelOne by 15,900.0% during the third quarter. Global Retirement Partners LLC now owns 3,680 shares of the company’s stock worth $65,000 after acquiring an additional 3,657 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on S shares. DA Davidson reduced their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Berenberg Bank started coverage on SentinelOne in a research note on Tuesday, November 18th. They issued a “buy” rating and a $25.00 target price for the company. Citigroup decreased their price target on SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a research report on Monday, December 29th. Finally, UBS Group cut shares of SentinelOne from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.72.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $13.60 on Thursday. SentinelOne, Inc. has a 1 year low of $12.43 and a 1 year high of $25.24. The firm has a market cap of $4.62 billion, a PE ratio of -10.88 and a beta of 0.77. The company has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $16.38.

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

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 2,975 shares of SentinelOne stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $39,121.25. Following the completion of the sale, the chief accounting officer owned 411,034 shares of the company’s stock, valued at $5,405,097.10. The trade was a 0.72% 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, insider Keenan Michael Conder sold 4,237 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the transaction, the insider owned 562,362 shares in the company, valued at $7,395,060.30. This trade represents a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 292,222 shares of company stock valued at $4,317,590. 4.33% of the stock is currently owned by company insiders.

SentinelOne Profile

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.