Armistice Capital LLC Grows Position in SentinelOne, Inc. $S

Key Points

• Armistice Capital LLC holds a $33.92 million stake in SentinelOne, increasing its shares by 0.8% during Q1, owning a total of 1,865,801 shares.
• SentinelOne reported $229.03 million in revenue for the most recent quarter, showing a 22.9% year-over-year growth, and met earnings per share expectations at $0.02.
• Analyst sentiment is largely positive for SentinelOne, with a consensus rating of "Moderate Buy" and an average price target of $24.33.

Armistice Capital LLC boosted its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,865,801 shares of the company's stock after purchasing an additional 14,623 shares during the period. Armistice Capital LLC owned about 0.57% of SentinelOne worth $33,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in S. GAMMA Investing LLC lifted its position in SentinelOne by 11,049.7% in the first quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock valued at $641,000 after acquiring an additional 34,917 shares during the last quarter. M&T Bank Corp increased its stake in shares of SentinelOne by 71.9% during the first quarter. M&T Bank Corp now owns 43,043 shares of the company's stock worth $782,000 after acquiring an additional 17,998 shares during the period. Vanguard Group Inc. increased its stake in shares of SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock worth $567,214,000 after acquiring an additional 1,318,533 shares during the period. Merit Financial Group LLC acquired a new position in shares of SentinelOne during the first quarter worth about $250,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of SentinelOne by 54.5% during the first quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock worth $928,000 after acquiring an additional 18,009 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Stock Down 6.2%

Shares of NYSE S traded down $1.16 during trading hours on Tuesday, reaching $17.70. 15,726,550 shares of the stock traded hands, compared to its average volume of 6,714,712. The company's 50-day simple moving average is $17.83 and its two-hundred day simple moving average is $18.55. The company has a market capitalization of $5.88 billion, a P/E ratio of -13.41 and a beta of 0.78. SentinelOne, Inc. has a 52-week low of $15.36 and a 52-week high of $29.29.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a research note on Friday. Susquehanna decreased their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Guggenheim reiterated a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a research note on Friday. JPMorgan Chase & Co. restated a "neutral" rating and issued a $19.00 price target (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Finally, BTIG Research restated a "neutral" rating on shares of SentinelOne in a research report on Monday, August 25th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.33.

Insiders Place Their Bets

In other SentinelOne news, CAO Robin Tomasello sold 2,921 shares of SentinelOne stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $50,562.51. Following the completion of the transaction, the chief accounting officer directly owned 306,044 shares of the company's stock, valued at approximately $5,297,621.64. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 27,481 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $502,352.68. Following the transaction, the insider directly owned 1,030,544 shares in the company, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,730 shares of company stock valued at $2,366,017 over the last three months. 4.33% of the stock is currently owned by corporate insiders.

SentinelOne Company 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.