Algert Global LLC Sells 27,954 Shares of SentinelOne, Inc. (NYSE:S)

Algert Global LLC trimmed its position in SentinelOne, Inc. (NYSE:S) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176,290 shares of the company’s stock after selling 27,954 shares during the quarter. Algert Global LLC owned approximately 0.06% of SentinelOne worth $3,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the period. Sugarloaf Wealth Management LLC grew its stake in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares during the last quarter. Advisors Asset Management Inc. grew its stake in SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after buying an additional 743 shares during the last quarter. Archford Capital Strategies LLC grew its stake in SentinelOne by 1.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after buying an additional 790 shares during the last quarter. Finally, Straight Path Wealth Management grew its stake in SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after buying an additional 1,000 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the transaction, the insider now owns 585,647 shares of the company’s stock, valued at $14,172,657.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the transaction, the insider now owns 585,647 shares of the company’s stock, valued at $14,172,657.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 589,352 shares of company stock valued at $12,648,468. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on S shares. Westpark Capital reiterated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research note on Monday, August 26th. Morgan Stanley upped their price target on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Guggenheim reiterated a “buy” rating and issued a $23.00 price target on shares of SentinelOne in a research note on Tuesday, June 25th. Loop Capital increased their target price on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Citigroup increased their target price on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $27.83.

SentinelOne Price Performance

Shares of NYSE:S opened at $23.91 on Tuesday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of -23.44 and a beta of 0.67. The firm has a 50 day simple moving average of $23.15 and a 200 day simple moving average of $21.64. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) EPS. As a group, analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current year.

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.