Comerica Bank Has $99,000 Holdings in SentinelOne, Inc. (NYSE:S)

Comerica Bank trimmed its position in SentinelOne, Inc. (NYSE:S) by 97.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,255 shares of the company’s stock after selling 188,990 shares during the quarter. Comerica Bank’s holdings in SentinelOne were worth $99,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Evoke Wealth LLC raised its position in SentinelOne by 0.3% during the fourth quarter. Evoke Wealth LLC now owns 141,557 shares of the company’s stock valued at $3,884,000 after buying an additional 378 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of SentinelOne by 3.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,330 shares of the company’s stock worth $476,000 after purchasing an additional 519 shares during the period. Advisors Asset Management Inc. grew its position in SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in SentinelOne during the fourth quarter valued at approximately $30,000. Finally, Aigen Investment Management LP increased its stake in SentinelOne by 14.0% in the 4th quarter. Aigen Investment Management LP now owns 13,022 shares of the company’s stock valued at $357,000 after buying an additional 1,595 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Susquehanna lowered their price target on shares of SentinelOne from $35.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, May 31st. Citigroup lowered their target price on SentinelOne from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. Wells Fargo & Company cut their price target on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. BTIG Research dropped their price objective on SentinelOne from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.94.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.47, for a total value of $1,306,750.08. Following the completion of the sale, the chief executive officer now directly owns 1,099,356 shares in the company, valued at approximately $23,603,173.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.47, for a total value of $1,306,750.08. Following the transaction, the chief executive officer now directly owns 1,099,356 shares of the company’s stock, valued at $23,603,173.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the transaction, the chief financial officer now directly owns 504,085 shares in the company, valued at $10,363,987.60. The disclosure for this sale can be found here. Insiders have sold 610,851 shares of company stock valued at $12,036,747 in the last 90 days. 5.60% of the stock is currently owned by insiders.

SentinelOne Trading Up 0.0 %

Shares of NYSE S opened at $23.17 on Monday. The company has a fifty day moving average price of $20.68 and a 200 day moving average price of $22.55. The firm has a market cap of $7.25 billion, a PE ratio of -22.72 and a beta of 0.66. SentinelOne, Inc. has a 1-year low of $13.87 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.35) earnings per share. Equities research analysts forecast that SentinelOne, Inc. will post -0.73 EPS for the current year.

About SentinelOne

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.