Thurston Springer Miller Herd & Titak Inc. Takes $944,000 Position in SentinelOne, Inc. (NYSE:S)

Thurston Springer Miller Herd & Titak Inc. bought a new position in SentinelOne, Inc. (NYSE:S) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,524 shares of the company’s stock, valued at approximately $944,000.

A number of other institutional investors and hedge funds also recently modified their holdings of S. Waldron Private Wealth LLC acquired a new position in SentinelOne in the 3rd quarter worth approximately $26,000. Modus Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter valued at $48,000. Capital Performance Advisors LLP acquired a new stake in shares of SentinelOne in the third quarter worth $55,000. Blue Trust Inc. grew its stake in SentinelOne by 105.9% during the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Huntington National Bank grew 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 in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Stock Performance

Shares of S opened at $21.73 on Thursday. The company has a 50-day simple moving average of $24.95 and a 200-day simple moving average of $23.92. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The firm has a market capitalization of $6.98 billion, a P/E ratio of -23.12 and a beta of 0.74.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS 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 firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period last year, the company earned ($0.21) EPS. The company’s revenue was up 28.3% on a year-over-year basis. As a group, equities analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the transaction, the chief executive officer now owns 959,682 shares of the company’s stock, valued at $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the sale, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 358,135 shares of company stock valued at $8,757,911 over the last ninety days. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

S has been the topic of a number of research reports. Oppenheimer initiated coverage on shares of SentinelOne in a research note on Wednesday. They issued an “outperform” rating and a $32.00 price target on the stock. Barclays dropped their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Susquehanna lifted their price target on SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Sanford C. Bernstein dropped their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $30.00 target price on shares of SentinelOne in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.48.

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.