SentinelOne, Inc. $S Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S) by 52.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,123 shares of the company’s stock after selling 219,645 shares during the quarter. Frank Rimerman Advisors LLC owned approximately 0.06% of SentinelOne worth $3,471,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new position in SentinelOne during the second quarter worth $29,000. First Horizon Advisors Inc. increased its stake in shares of SentinelOne by 287.8% during the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock worth $45,000 after purchasing an additional 1,810 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its position in shares of SentinelOne by 66.7% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock worth $55,000 after purchasing an additional 1,203 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after purchasing an additional 692 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in SentinelOne by 15,900.0% in the 3rd quarter. Global Retirement Partners LLC now owns 3,680 shares of the company’s stock valued at $65,000 after buying an additional 3,657 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

S has been the subject of several research reports. Citizens Jmp cut their price objective on SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a research note on Friday, December 5th. Wedbush lowered their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a research note on Monday, December 29th. Westpark Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of SentinelOne in a research note on Friday, December 5th. Finally, Bank of America dropped their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.72.

SentinelOne Trading Down 0.8%

Shares of S opened at $13.96 on Friday. SentinelOne, Inc. has a 12-month low of $13.46 and a 12-month high of $25.24. The firm has a market capitalization of $4.74 billion, a P/E ratio of -11.17 and a beta of 0.77. The firm has a 50-day moving average price of $14.98 and a 200 day moving average price of $16.69.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company had revenue of $258.91 million for the quarter, compared to the consensus estimate of $256.19 million. During the same period in the previous year, the firm earned ($0.25) earnings per share. SentinelOne’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Barbara A. Larson sold 11,173 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $165,583.86. Following the transaction, the chief financial officer owned 539,372 shares of the company’s stock, valued at $7,993,493.04. This represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 51,595 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.12, for a total value of $780,116.40. Following the sale, the chief executive officer directly owned 1,145,608 shares of the company’s stock, valued at $17,321,592.96. The trade was a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is currently owned by company insiders.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.