Millrace Asset Group Inc. Invests $2.03 Million in SentinelOne, Inc. (NYSE:S)

Millrace Asset Group Inc. bought a new stake in SentinelOne, Inc. (NYSE:S) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 85,013 shares of the company’s stock, valued at approximately $2,034,000. SentinelOne accounts for 2.1% of Millrace Asset Group Inc.’s holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of SentinelOne in the 1st quarter worth about $1,216,000. Levin Capital Strategies L.P. bought a new position in SentinelOne in the 1st quarter valued at about $233,000. Redwood Investment Management LLC acquired a new position in SentinelOne during the 1st quarter valued at about $1,513,000. Finally, Tidal Investments LLC increased its holdings in SentinelOne by 2,074.6% during the 1st quarter. Tidal Investments LLC now owns 192,297 shares of the company’s stock worth $4,482,000 after purchasing an additional 183,454 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Down 2.3 %

Shares of NYSE S opened at $27.88 on Tuesday. The company has a market cap of $8.84 billion, a P/E ratio of -29.98 and a beta of 0.65. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The business has a 50-day simple moving average of $25.77 and a two-hundred day simple moving average of $22.82.

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

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares of the company’s stock, valued at $4,412,757.60. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 14,584 shares of the company’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 value of $335,286.16. Following the completion of the sale, the insider now directly owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

S has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. BTIG Research upped their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. Scotiabank increased their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. boosted their target price on SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $28.73.

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.