Summit Trail Advisors LLC Acquires New Position in SentinelOne, Inc. (NYSE:S)

Summit Trail Advisors LLC acquired a new stake in SentinelOne, Inc. (NYSE:S) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 170,079 shares of the company’s stock, valued at approximately $3,776,000. Summit Trail Advisors LLC owned about 0.05% of SentinelOne at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in S. Waldron Private Wealth LLC bought a new stake in shares of SentinelOne during the third quarter worth $26,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne in the fourth quarter worth $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne in the fourth quarter worth $33,000. Modus Advisors LLC bought a new stake in shares of SentinelOne in the fourth quarter worth $48,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of SentinelOne in the third quarter worth $55,000. 90.87% of the stock is owned by institutional investors.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the sale, the insider now owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,658,092.02. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,699 shares of company stock valued at $6,712,815. Insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

SentinelOne stock opened at $24.61 on Tuesday. The firm’s fifty day moving average price is $23.35 and its 200-day moving average price is $24.21. The stock has a market cap of $7.91 billion, a P/E ratio of -26.18 and a beta of 0.75. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same quarter last year, the business posted ($0.21) EPS. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. UBS Group lowered shares of SentinelOne from a “buy” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $25.00 in a report on Wednesday, January 15th. Sanford C. Bernstein dropped their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $32.00 in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.56.

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.