Optimum Investment Advisors Raises Stock Holdings in SentinelOne, Inc. (NYSE:S)

Optimum Investment Advisors lifted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 56,000.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,610 shares of the company’s stock after acquiring an additional 5,600 shares during the quarter. Optimum Investment Advisors’ holdings in SentinelOne were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Renaissance Capital LLC increased its position in shares of SentinelOne by 5.8% during the first quarter. Renaissance Capital LLC now owns 157,858 shares of the company’s stock valued at $3,680,000 after acquiring an additional 8,633 shares during the last quarter. Avondale Wealth Management increased its position in shares of SentinelOne by 5.2% during the first quarter. Avondale Wealth Management now owns 51,000 shares of the company’s stock valued at $1,189,000 after acquiring an additional 2,500 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in SentinelOne during the fourth quarter valued at $30,000. PNC Financial Services Group Inc. grew its holdings in SentinelOne by 14.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 27,096 shares of the company’s stock valued at $744,000 after purchasing an additional 3,400 shares during the period. Finally, Vanguard Group Inc. grew its holdings in SentinelOne by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 23,464,580 shares of the company’s stock valued at $643,868,000 after purchasing an additional 482,345 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

NYSE S opened at $18.33 on Friday. The stock’s 50-day simple moving average is $20.19 and its two-hundred day simple moving average is $23.82. SentinelOne, Inc. has a twelve month low of $13.87 and a twelve month high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The company had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) EPS. Research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on S shares. Wells Fargo & Company reduced their price objective on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and reduced their price objective for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. Morgan Stanley reduced their price objective on SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Citigroup reduced their price objective on SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Finally, Barclays reduced their price objective on SentinelOne from $27.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.08.

Insider Transactions at SentinelOne

In other 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 transaction, the insider now owns 5,025 shares in the company, valued at $116,077.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other SentinelOne news, Director Mark S. Peek bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were bought at an average cost of $22.36 per share, with a total value of $223,600.00. Following the completion of the purchase, the director now directly owns 80,000 shares of the company’s stock, valued at $1,788,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the firm’s 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 sale, the insider now directly owns 5,025 shares in the company, valued at $116,077.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 507,065 shares of company stock worth $10,055,772. Company insiders own 5.60% of the company’s stock.

About SentinelOne

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.