960,000 Shares in SentinelOne, Inc. (NYSE:S) Purchased by Thematics Asset Management

Thematics Asset Management acquired a new position in shares of SentinelOne, Inc. (NYSE:S) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 960,000 shares of the company’s stock, valued at approximately $22,963,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in S. Waldron Private Wealth LLC acquired a new stake in shares of SentinelOne during the 3rd quarter worth approximately $26,000. Blue Trust Inc. acquired a new position in SentinelOne during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on S shares. DA Davidson lifted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Loop Capital boosted their price objective on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Wells Fargo & Company raised their target price on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a report on Wednesday, August 28th. Finally, Sanford C. Bernstein reduced their target price on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Price Performance

Shares of NYSE S traded down $0.05 during mid-day trading on Tuesday, hitting $27.83. 916,069 shares of the stock traded hands, compared to its average volume of 5,121,471. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The firm has a 50 day simple moving average of $25.77 and a two-hundred day simple moving average of $22.82. The company has a market cap of $8.83 billion, a PE ratio of -29.98 and a beta of 0.65.

SentinelOne (NYSE:S) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. During the same period in the previous year, the business posted ($0.26) earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock valued at $10,367,734 in the last ninety days. 5.60% of the stock is currently owned by insiders.

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.