Heritage Wealth Management Inc. Has $459,000 Stake in SentinelOne, Inc. (NYSE:S)

Heritage Wealth Management Inc. reduced its holdings in SentinelOne, Inc. (NYSE:S) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,200 shares of the company’s stock after selling 1,125 shares during the period. Heritage Wealth Management Inc.’s holdings in SentinelOne were worth $459,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after purchasing an additional 1,111 shares during the last quarter. Malaga Cove Capital LLC boosted its holdings in shares of SentinelOne by 30.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 42,020 shares of the company’s stock valued at $1,005,000 after buying an additional 9,787 shares during the last quarter. NorthRock Partners LLC bought a new position in shares of SentinelOne in the third quarter valued at $5,227,000. Amalgamated Bank increased its holdings in SentinelOne by 14.3% during the third quarter. Amalgamated Bank now owns 14,886 shares of the company’s stock worth $356,000 after buying an additional 1,857 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in SentinelOne by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 190,315 shares of the company’s stock worth $4,552,000 after acquiring an additional 2,833 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the transaction, the chief executive officer now owns 1,099,356 shares in the company, valued at $23,603,173.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now directly owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the completion of the sale, the chief executive officer now directly owns 1,099,356 shares of the company’s stock, valued at approximately $23,603,173.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 409,034 shares of company stock worth $9,373,162. 5.60% of the stock is owned by corporate insiders.

SentinelOne Stock Down 2.4 %

NYSE:S traded down $0.67 during trading hours on Friday, hitting $27.24. 299,655 shares of the company were exchanged, compared to its average volume of 5,212,754. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76. The company has a fifty day simple moving average of $24.61 and a 200 day simple moving average of $22.29.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on S shares. Morgan Stanley boosted their price target on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Needham & Company LLC began coverage on SentinelOne in a report on Thursday, October 17th. They set a “buy” rating and a $32.00 price target for the company. Scotiabank upped their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. Wells Fargo & Company increased their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Baird R W raised shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.60.

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.