Avondale Wealth Management Sells 5,500 Shares of SentinelOne, Inc. (NYSE:S)

Avondale Wealth Management cut its position in SentinelOne, Inc. (NYSE:S) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,500 shares of the company’s stock after selling 5,500 shares during the period. SentinelOne makes up about 0.5% of Avondale Wealth Management’s investment portfolio, making the stock its 27th largest holding. Avondale Wealth Management’s holdings in SentinelOne were worth $832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in S. Waldron Private Wealth LLC bought a new stake in SentinelOne in the 3rd quarter worth about $26,000. Modus Advisors LLC bought a new stake in shares of SentinelOne in the fourth quarter worth approximately $48,000. Capital Performance Advisors LLP bought a new stake in shares of SentinelOne in the third quarter worth approximately $55,000. Blue Trust Inc. raised its holdings in shares of SentinelOne by 105.9% during the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Huntington National Bank lifted its position in SentinelOne by 287.9% during the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,765 shares during the period. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on S. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Robert W. Baird upped their price objective on SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. Sanford C. Bernstein reduced their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Barclays lowered their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.46.

SentinelOne Stock Up 0.4 %

NYSE S traded up $0.08 on Friday, reaching $22.58. The company had a trading volume of 785,246 shares, compared to its average volume of 3,415,425. The firm’s 50 day moving average price is $25.17 and its 200 day moving average price is $23.82. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The stock has a market capitalization of $7.26 billion, a PE ratio of -24.02 and a beta of 0.74.

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

Insider Activity

In other news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the transaction, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,135 shares of company stock worth $8,757,911. 5.60% of the stock is currently owned by insiders.

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.