Assenagon Asset Management S.A. Buys Shares of 1,170,411 SentinelOne, Inc. (NYSE:S)

Assenagon Asset Management S.A. purchased a new position in SentinelOne, Inc. (NYSE:S - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,170,411 shares of the company's stock, valued at approximately $21,278,000. Assenagon Asset Management S.A. owned approximately 0.36% of SentinelOne at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Guggenheim Capital LLC raised its position in shares of SentinelOne by 1.4% during the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after purchasing an additional 478 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its holdings in SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after acquiring an additional 724 shares during the period. Parallel Advisors LLC grew its holdings in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after purchasing an additional 942 shares during the period. Finally, Legato Capital Management LLC increased its stake in SentinelOne by 8.1% during the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock worth $304,000 after buying an additional 1,022 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

Shares of S stock traded down $0.61 during trading hours on Friday, reaching $17.27. The company had a trading volume of 5,799,520 shares, compared to its average volume of 5,110,172. The company has a market capitalization of $5.69 billion, a P/E ratio of -18.37 and a beta of 0.77. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The stock's fifty day simple moving average is $18.43 and its 200 day simple moving average is $20.99.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne's revenue was up 22.9% on a year-over-year basis. As a group, equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity

In other news, CAO Robin Tomasello sold 1,496 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the sale, the chief accounting officer now directly owns 233,484 shares in the company, valued at approximately $4,615,978.68. The trade was a 0.64% decrease in their position. 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 31,659 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total transaction of $604,686.90. Following the sale, the insider now owns 477,271 shares of the company's stock, valued at approximately $9,115,876.10. The trade was a 6.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 413,967 shares of company stock worth $7,674,963 over the last ninety days. Corporate insiders own 4.33% of the company's stock.

Analysts Set New Price Targets

S has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $19.00 price target (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Piper Sandler lowered their price objective on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Scotiabank dropped their price target on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group decreased their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Finally, Morgan Stanley dropped their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.83.

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.