Truvestments Capital LLC Buys 3,495 Shares of SentinelOne, Inc. (NYSE:S)

Truvestments Capital LLC boosted its position in SentinelOne, Inc. (NYSE:S) by 18.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,335 shares of the company’s stock after buying an additional 3,495 shares during the period. Truvestments Capital LLC’s holdings in SentinelOne were worth $534,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in S. Westfield Capital Management Co. LP increased its stake in SentinelOne by 3.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,310,299 shares of the company’s stock valued at $79,182,000 after purchasing an additional 108,560 shares in the last quarter. Swedbank AB grew its holdings in shares of SentinelOne by 25.0% during the third quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock valued at $59,800,000 after buying an additional 500,000 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of SentinelOne during the third quarter valued at about $1,315,000. Champlain Investment Partners LLC acquired a new stake in shares of SentinelOne in the 3rd quarter worth about $80,604,000. Finally, Charles Schwab Investment Management Inc. lifted its position in SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after acquiring an additional 921,572 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SentinelOne

In related news, insider Keenan Michael Conder sold 11,097 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $253,011.60. Following the completion of the sale, the insider now owns 438,363 shares in the company, valued at $9,994,676.40. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 14,584 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock valued at $10,367,734 over the last three months. 5.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on S shares. Robert W. Baird boosted their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Canaccord Genuity Group restated a “buy” rating and set a $30.00 price target on shares of SentinelOne in a report on Friday, October 18th. Loop Capital increased their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Westpark Capital restated a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. Finally, Needham & Company LLC started coverage on SentinelOne in a report on Thursday, October 17th. They set a “buy” rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Stock Performance

NYSE:S opened at $27.88 on Tuesday. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The stock has a fifty day moving average of $25.77 and a 200 day moving average of $22.82. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of -29.98 and a beta of 0.65.

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

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.