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

Avondale Wealth Management cut its stake in SentinelOne, Inc. (NYSE:S) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the company’s stock after selling 5,500 shares during the period. SentinelOne accounts for 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co increased its holdings in SentinelOne by 40.5% in the fourth quarter. Diversified Trust Co now owns 47,487 shares of the company’s stock worth $1,054,000 after purchasing an additional 13,686 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at $48,000. Principal Financial Group Inc. lifted 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 valued at $442,000 after acquiring an additional 1,111 shares during the period. Franklin Resources Inc. boosted its stake in SentinelOne by 5.5% during the third quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock worth $698,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in SentinelOne in the third quarter worth $67,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Activity

In related news, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the sale, the insider now directly owns 582,512 shares of the company’s stock, valued at $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 358,135 shares of company stock valued at $8,757,911. Company insiders own 5.60% of the company’s stock.

SentinelOne Price Performance

S stock traded up $0.08 during midday trading 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 company has a market capitalization of $7.26 billion, a P/E ratio of -24.02 and a beta of 0.74. The firm has a 50-day moving average price of $25.17 and a 200-day moving average price of $23.82. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on S shares. DA Davidson upped their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Cantor Fitzgerald began coverage on shares of SentinelOne in a research note on Thursday. They issued an “overweight” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price target for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.46.

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.