CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Increases Stock Position in SentinelOne, Inc. (NYSE:S)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in shares of SentinelOne, Inc. (NYSE:S) by 130.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,000 shares of the company’s stock after purchasing an additional 130,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in SentinelOne were worth $5,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC grew its position in SentinelOne by 4.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares during the last quarter. Straight Path Wealth Management grew its holdings in shares of SentinelOne by 4.9% during the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock worth $453,000 after buying an additional 1,000 shares during the last quarter. Bullseye Asset Management LLC grew its holdings in shares of SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after buying an additional 1,000 shares during the last quarter. MetLife Investment Management LLC raised its stake in SentinelOne by 17.4% during the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in SentinelOne during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 0.1 %

Shares of NYSE S opened at $23.15 on Friday. The company has a 50-day simple moving average of $24.19 and a 200-day simple moving average of $24.00. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76.

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 the consensus estimate 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%. The company’s revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. As a group, analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the sale, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 343,552 shares of company stock valued at $8,374,670. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on S. Guggenheim reissued a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald initiated coverage on shares of SentinelOne in a research report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.56.

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.