Balboa Wealth Partners Invests $1.01 Million in SentinelOne, Inc. $S

Balboa Wealth Partners acquired a new position in shares of SentinelOne, Inc. (NYSE:S) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 57,387 shares of the company’s stock, valued at approximately $1,011,000.

A number of other large investors also recently bought and sold shares of S. Daiwa Securities Group Inc. increased its position in shares of SentinelOne by 25.2% during the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after acquiring an additional 692 shares during the last quarter. Mission Creek Capital Partners Inc. boosted its position in shares of SentinelOne by 1.7% during the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock worth $840,000 after purchasing an additional 760 shares during the period. Main Management ETF Advisors LLC increased its holdings in SentinelOne by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after purchasing an additional 768 shares during the last quarter. Sapience Investments LLC increased its holdings in SentinelOne by 3.7% in the 2nd quarter. Sapience Investments LLC now owns 24,140 shares of the company’s stock valued at $441,000 after purchasing an additional 862 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in SentinelOne by 8.1% in the third quarter. Moody National Bank Trust Division now owns 11,720 shares of the company’s stock valued at $206,000 after purchasing an additional 880 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on S. Berenberg Bank started coverage on SentinelOne in a research report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company. Citigroup lowered their target price on SentinelOne from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Morgan Stanley dropped their target price on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Canaccord Genuity Group reduced their price target on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Guggenheim restated a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.72.

Insider Activity

In related news, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $14.58, for a total value of $124,061.22. Following the transaction, the chief accounting officer owned 285,551 shares of the company’s stock, valued at $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark S. Peek purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $14.89 per share, with a total value of $595,600.00. Following the completion of the acquisition, the director directly owned 120,000 shares in the company, valued at $1,786,800. The trade was a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 331,694 shares of company stock valued at $4,849,673. Insiders own 4.33% of the company’s stock.

SentinelOne Stock Performance

S stock opened at $13.89 on Friday. The company’s 50 day moving average price is $14.46 and its 200 day moving average price is $16.32. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of -11.11 and a beta of 0.77. SentinelOne, Inc. has a fifty-two week low of $12.43 and a fifty-two week high of $25.24.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (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 during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. Equities analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

SentinelOne Company Profile

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.