CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Reduces Stock Holdings in SentinelOne, Inc. (NYSE:S)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 60.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,000 shares of the company's stock after selling 140,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in SentinelOne were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of SentinelOne during the 1st quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of SentinelOne during the 4th quarter valued at $38,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of SentinelOne during the 4th quarter valued at $40,000. Finally, GAMMA Investing LLC boosted its holdings in shares of SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after buying an additional 1,622 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Susquehanna dropped their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a report on Thursday, May 29th. Bank of America reaffirmed a "neutral" rating and issued a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. DA Davidson lowered their price target on SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Canaccord Genuity Group lowered their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Stephens reaffirmed an "overweight" rating and issued a $25.00 price target on shares of SentinelOne in a research report on Tuesday, May 27th. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and a consensus price target of $24.83.

SentinelOne Stock Down 0.8%

SentinelOne stock opened at $17.86 on Friday. The business has a 50-day simple moving average of $18.51 and a two-hundred day simple moving average of $20.30. The company has a market cap of $5.94 billion, a P/E ratio of -13.53 and a beta of 0.77. 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 quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $229.03 million during 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 quarterly revenue was up 22.9% on a year-over-year basis. Research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 27,481 shares of the business'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 completion of the transaction, the insider now directly owns 1,030,544 shares in the company, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $17.82, for a total value of $1,084,596.48. Following the transaction, the chief executive officer now owns 1,581,396 shares of the company's stock, valued at approximately $28,180,476.72. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,347 shares of company stock worth $3,464,807 in the last three months. 4.33% of the stock is currently owned by company 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.

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