Oppenheimer & Co. Inc. Sells 15,614 Shares of SentinelOne, Inc. (NYSE:S)

Oppenheimer & Co. Inc. decreased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 31.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,351 shares of the company’s stock after selling 15,614 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SentinelOne were worth $822,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Susquehanna raised their target price on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research report on Thursday, September 5th. Scotiabank upped their price target on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. Barclays lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Stock Performance

Shares of S stock opened at $27.63 on Wednesday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market capitalization of $8.76 billion, a PE ratio of -29.71 and a beta of 0.65. The stock’s 50-day simple moving average is $25.33 and its 200-day simple moving average is $22.64.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.26) EPS. Sell-side analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 38,607 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the transaction, the chief executive officer now directly owns 1,060,749 shares in the company, valued at $24,185,077.20. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David J. Bernhardt sold 11,222 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total transaction of $240,150.80. Following the sale, the chief financial officer now owns 477,781 shares in the company, valued at approximately $10,224,513.40. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is owned by 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.