Eminence Capital LP Has $145.05 Million Stock Position in SentinelOne, Inc. (NYSE:S)

Eminence Capital LP grew its position in SentinelOne, Inc. (NYSE:S - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,533,894 shares of the company's stock after acquiring an additional 392,986 shares during the quarter. SentinelOne makes up approximately 2.2% of Eminence Capital LP's holdings, making the stock its 19th largest position. Eminence Capital LP owned 2.03% of SentinelOne worth $145,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in SentinelOne by 35.6% during the 4th quarter. CoreCap Advisors LLC now owns 4,388 shares of the company's stock worth $97,000 after acquiring an additional 1,153 shares during the period. Crestline Management LP acquired a new position in SentinelOne during the 4th quarter worth $1,459,000. Cetera Investment Advisers boosted its position in SentinelOne by 66.4% during the 4th quarter. Cetera Investment Advisers now owns 38,959 shares of the company's stock worth $865,000 after acquiring an additional 15,549 shares during the period. Bridgefront Capital LLC acquired a new position in SentinelOne during the 4th quarter worth $347,000. Finally, Bamco Inc. NY boosted its position in SentinelOne by 12.6% during the 4th quarter. Bamco Inc. NY now owns 2,332,160 shares of the company's stock worth $51,774,000 after acquiring an additional 261,186 shares during the period. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the sale, the insider now owns 529,118 shares of the company's stock, valued at approximately $11,090,313.28. This trade represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,140 shares of company stock valued at $9,847,149 in the last three months. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

S has been the subject of a number of analyst reports. Citigroup reduced their price target on SentinelOne from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Robert W. Baird reduced their price target on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald dropped their price objective on SentinelOne from $30.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley dropped their price objective 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, Westpark Capital dropped their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Price Performance

Shares of S traded up $0.93 during mid-day trading on Monday, reaching $20.08. The company had a trading volume of 2,559,839 shares, compared to its average volume of 4,998,242. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The company's 50-day moving average is $18.40 and its 200-day moving average is $22.24. The company has a market capitalization of $6.62 billion, a P/E ratio of -21.34 and a beta of 0.81.

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.