Baldwin Investment Management LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Key Points

• Baldwin Investment Management LLC invested approximately $740,000 in SentinelOne, Inc. by acquiring 40,725 shares during the first quarter, as reported in its recent SEC filing.
• Insider Ric Smith sold 23,518 shares of SentinelOne at an average price of $18.30, reducing their ownership by 2.28%.
• Analysts have set a consensus price target of $24.80 for SentinelOne, with ratings varying from "neutral" to "buy" across multiple firms.

Baldwin Investment Management LLC purchased a new position in SentinelOne, Inc. (NYSE:S - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,725 shares of the company's stock, valued at approximately $740,000.

A number of other hedge funds also recently modified their holdings of S. CENTRAL TRUST Co acquired a new stake in shares of SentinelOne during the first quarter valued at about $26,000. Parallel Advisors LLC lifted its stake in shares of SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares during the period. GAMMA Investing LLC lifted its stake in shares of SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the fourth quarter worth approximately $38,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne in the fourth quarter worth approximately $40,000. Institutional investors own 90.87% of the company's stock.

SentinelOne Stock Down 1.5%

Shares of SentinelOne stock traded down $0.28 on Friday, reaching $18.06. The company's stock had a trading volume of 3,384,595 shares, compared to its average volume of 5,703,755. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of -13.65 and a beta of 0.77. The firm's fifty day simple moving average is $18.29 and its two-hundred day simple moving average is $19.59. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. SentinelOne's revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

S has been the subject of several recent research reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Roth Capital set a $26.00 price objective on SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Susquehanna reduced their price objective on 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 target on shares of SentinelOne in a research note on Wednesday, May 21st. Finally, Stephens reiterated an "overweight" rating and set a $25.00 price target on shares of SentinelOne in a research note on Tuesday, May 27th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

Insider Activity

In other news, insider Ric Smith sold 27,481 shares of the company's 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 $502,352.68. Following the transaction, the insider owned 1,030,544 shares of the company's stock, valued at approximately $18,838,344.32. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the transaction, the chief executive officer directly owned 1,571,060 shares in the company, valued at approximately $29,127,452.40. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,619 shares of company stock worth $1,386,302 over the last ninety days. Corporate insiders own 4.33% of the company's stock.

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.