Rhumbline Advisers Grows Holdings in SentinelOne, Inc. (NYSE:S)

Rhumbline Advisers grew its holdings in SentinelOne, Inc. (NYSE:S) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,102 shares of the company’s stock after purchasing an additional 18,053 shares during the period. Rhumbline Advisers owned about 0.10% of SentinelOne worth $6,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the period. Avion Wealth purchased a new position in shares of SentinelOne during the fourth quarter valued at $28,000. Parallel Advisors LLC increased its stake in shares of SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock valued at $35,000 after buying an additional 942 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SentinelOne during the fourth quarter valued at $38,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in shares of SentinelOne during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on S shares. Cantor Fitzgerald restated an “overweight” rating and set a $24.00 price target on shares of SentinelOne in a research note on Friday, May 23rd. Barclays cut their price target on SentinelOne from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 29th. Jefferies Financial Group cut their price target on SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Morgan Stanley cut their price target on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, DA Davidson cut their target price on SentinelOne from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $24.83.

Insider Buying and Selling

In related news, insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the transaction, the insider now directly owns 596,332 shares in the company, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $18.30, for a total value of $430,379.40. Following the transaction, the insider now owns 1,007,026 shares of the company’s stock, valued at approximately $18,428,575.80. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 413,967 shares of company stock valued at $7,674,963 over the last quarter. 4.33% of the stock is currently owned by company insiders.

SentinelOne Stock Down 0.3%

SentinelOne stock opened at $17.91 on Friday. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of -19.05 and a beta of 0.77. The stock has a 50-day moving average price of $18.43 and a 200 day moving average price of $20.99.

SentinelOne (NYSE:S) last released its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. Research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS 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.