Pallas Capital Advisors LLC Buys 5,987 Shares of SentinelOne, Inc. $S

Pallas Capital Advisors LLC raised its stake in shares of SentinelOne, Inc. (NYSE:S) by 33.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,625 shares of the company’s stock after purchasing an additional 5,987 shares during the quarter. Pallas Capital Advisors LLC’s holdings in SentinelOne were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after purchasing an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC raised its stake in shares of SentinelOne by 10.0% during the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock worth $192,218,000 after acquiring an additional 959,771 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of SentinelOne by 2.9% during the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock worth $146,841,000 after acquiring an additional 229,230 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of SentinelOne by 92.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock worth $96,898,000 after acquiring an additional 2,558,702 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its stake in shares of SentinelOne by 12.3% during the first quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company’s stock worth $92,537,000 after acquiring an additional 555,748 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Performance

S opened at $19.09 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of -14.46 and a beta of 0.78. The company’s 50-day simple moving average is $17.88 and its two-hundred day simple moving average is $18.24. SentinelOne, Inc. has a 52-week low of $15.36 and a 52-week high of $29.29.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stephens reissued an “overweight” rating and set a $25.00 price target on shares of SentinelOne in a research note on Tuesday, May 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, August 29th. Citigroup reaffirmed a “neutral” rating on shares of SentinelOne in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 target price (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Finally, Needham & Company LLC lifted their target price on shares of SentinelOne from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.26.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,508 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $159,014.52. Following the completion of the transaction, the chief accounting officer directly owned 297,536 shares in the company, valued at $5,560,947.84. This represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 162,794 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $18.38, for a total value of $2,992,153.72. Following the completion of the transaction, the chief executive officer owned 1,298,982 shares of the company’s stock, valued at $23,875,289.16. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,753 shares of company stock worth $6,195,217 over the last 90 days. 4.33% of the stock is owned by company 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.