Meritas Wealth Management LLC Trims Position in SentinelOne, Inc. (NYSE:S)

Meritas Wealth Management LLC reduced its stake in shares of SentinelOne, Inc. (NYSE:S) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,000 shares of the company’s stock after selling 9,693 shares during the period. SentinelOne comprises approximately 6.0% of Meritas Wealth Management LLC’s holdings, making the stock its 7th biggest position. Meritas Wealth Management LLC’s holdings in SentinelOne were worth $9,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealth Management Partners LLC lifted its holdings in SentinelOne by 13.7% during the 4th quarter. Wealth Management Partners LLC now owns 14,796 shares of the company’s stock worth $328,000 after buying an additional 1,785 shares during the last quarter. Shelton Wealth Management LLC acquired a new stake in shares of SentinelOne during the 4th quarter valued at approximately $1,084,000. Carnegie Investment Counsel bought a new position in SentinelOne during the fourth quarter worth $7,167,000. Hamilton Lane Advisors LLC acquired a new position in SentinelOne in the fourth quarter worth $2,419,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in SentinelOne during the fourth quarter valued at $944,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Up 0.5 %

Shares of SentinelOne stock opened at $22.32 on Monday. The business has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $23.96. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of -23.75 and a beta of 0.74.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) earnings per share. Analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $26.28, for a total value of $383,241.24. Following the transaction, the insider now owns 585,647 shares of the company’s stock, valued at approximately $15,390,803.16. This trade represents a 2.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 358,135 shares of company stock worth $8,757,911. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

S has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Oppenheimer started coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Susquehanna increased their price target on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price objective on SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

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.