Exane Asset Management Makes New Investment in SentinelOne, Inc. (NYSE:S)

Exane Asset Management bought a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 23,088 shares of the company's stock, valued at approximately $453,000. SentinelOne accounts for about 0.3% of Exane Asset Management's investment portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in S. Liberty One Investment Management LLC raised its stake in shares of SentinelOne by 11.1% during the 1st quarter. Liberty One Investment Management LLC now owns 9,435 shares of the company's stock worth $172,000 after buying an additional 944 shares in the last quarter. Interchange Capital Partners LLC purchased a new position in shares of SentinelOne during the 1st quarter worth approximately $367,000. Envestnet Asset Management Inc. raised its stake in shares of SentinelOne by 10.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 77,436 shares of the company's stock worth $1,408,000 after buying an additional 7,477 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of SentinelOne by 71.8% in the 1st quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company's stock worth $61,426,000 after acquiring an additional 1,411,626 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of SentinelOne by 8.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,716,639 shares of the company's stock worth $31,209,000 after acquiring an additional 136,417 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Trading Down 3.1%

NYSE:S traded down $0.57 during mid-day trading on Thursday, hitting $17.95. The company had a trading volume of 5,185,991 shares, compared to its average volume of 5,191,736. The business has a fifty day simple moving average of $18.60 and a 200-day simple moving average of $20.02. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of -13.60 and a beta of 0.77.

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

Insider Buying and Selling at SentinelOne

In other SentinelOne news, 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 transaction of $191,629.44. Following the transaction, the chief executive officer owned 1,571,060 shares of the company's stock, valued at $29,127,452.40. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 23,518 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $18.30, for a total value of $430,379.40. Following the transaction, the insider directly owned 1,007,026 shares in the company, valued at approximately $18,428,575.80. This represents a 2.28% decrease in their position. 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 90 days. 4.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays lowered their price target on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. Stephens restated an "overweight" rating and issued a $25.00 price target on shares of SentinelOne in a report on Tuesday, May 27th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $19.00 price target (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. DA Davidson lowered their target price on SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Piper Sandler lowered their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Ten 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.com, the company currently has an average 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.