Flynn Zito Capital Management LLC Makes New Investment in SentinelOne, Inc. (NYSE:S)

Flynn Zito Capital Management LLC bought a new position in SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,455 shares of the company’s stock, valued at approximately $314,000.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of SentinelOne by 20.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company’s stock valued at $335,000 after acquiring an additional 1,439 shares in the last quarter. ProShare Advisors LLC acquired a new position in SentinelOne in the 1st quarter worth approximately $286,000. Bank of New York Mellon Corp increased its holdings in SentinelOne by 547.1% in the 1st quarter. Bank of New York Mellon Corp now owns 478,107 shares of the company’s stock worth $18,521,000 after buying an additional 404,220 shares during the period. Cetera Advisor Networks LLC acquired a new position in SentinelOne in the 1st quarter worth approximately $212,000. Finally, PNC Financial Services Group Inc. acquired a new position in SentinelOne in the 1st quarter worth approximately $108,000. 90.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein increased their target price on SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. DA Davidson increased their price objective on SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Guggenheim increased their price objective on SentinelOne from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com raised SentinelOne to a “sell” rating in a research note on Friday, January 12th. Finally, BTIG Research raised SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.08.

Insider Activity

In related news, CAO Robin Tomasello sold 4,001 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $27.25, for a total transaction of $109,027.25. Following the completion of the sale, the chief accounting officer now owns 203,196 shares in the company, valued at $5,537,091. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Robin Tomasello sold 4,001 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $27.25, for a total transaction of $109,027.25. Following the completion of the sale, the chief accounting officer now owns 203,196 shares in the company, valued at $5,537,091. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $27.68, for a total value of $72,826.08. Following the sale, the chief financial officer now owns 347,153 shares of the company’s stock, valued at approximately $9,609,195.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 321,583 shares of company stock worth $8,355,882. 5.93% of the stock is currently owned by company insiders.

SentinelOne Stock Performance

Shares of S traded down $0.02 during midday trading on Thursday, hitting $20.61. The company had a trading volume of 2,987,898 shares, compared to its average volume of 5,940,483. The company’s 50-day simple moving average is $25.27 and its 200-day simple moving average is $22.73. The firm has a market capitalization of $6.39 billion, a P/E ratio of -17.78 and a beta of 0.66. SentinelOne, Inc. has a 1 year low of $12.43 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $174.18 million during the quarter, compared to analysts’ expectations of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS. Equities analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.