Freemont Management S.A. Purchases New Shares in SentinelOne, Inc. (NYSE:S)

Key Points

• Freemont Management S.A. invested approximately $1.50 million in SentinelOne, acquiring 82,400 shares, further contributing to the 90.87% ownership of institutional investors in the company.
• Several analysts have set new price targets for SentinelOne, with Wells Fargo decreasing its target to $18.00, while Roth Capital and Guggenheim set targets at $26.00 and $28.00, respectively.
• SentinelOne reported a negative net margin of 49.36% for the last quarter, with revenue increasing by 22.9% year-over-year, totaling $229.03 million.

Freemont Management S.A. bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 82,400 shares of the company's stock, valued at approximately $1,498,000.

A number of other large investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of SentinelOne by 66.3% in the 4th quarter. LPL Financial LLC now owns 127,666 shares of the company's stock valued at $2,834,000 after purchasing an additional 50,917 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of SentinelOne by 13.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 43,343 shares of the company's stock valued at $962,000 after purchasing an additional 4,978 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of SentinelOne by 11,049.7% during the 1st 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 in the last quarter. M&T Bank Corp boosted its holdings in shares of SentinelOne by 71.9% during the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock valued at $782,000 after acquiring an additional 17,998 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of SentinelOne during the 1st quarter valued at $250,000. Institutional investors own 90.87% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Westpark Capital lowered their target price on SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. DA Davidson dropped their price objective on SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $24.00 price objective on shares of SentinelOne in a research note on Friday, May 23rd. Bank of America reissued a "neutral" rating and issued a $21.00 price objective on shares of SentinelOne in a research note on Thursday, May 29th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a research report on Wednesday, May 21st. 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 stock. According to MarketBeat, SentinelOne presently has an average rating of "Moderate Buy" and an average target price of $24.80.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,336 shares of the business's 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. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Keenan Michael Conder sold 11,097 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 value of $202,853.16. Following the transaction, the insider directly owned 596,332 shares in the company, valued at $10,900,948.96. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,619 shares of company stock worth $1,386,302. Corporate insiders own 4.33% of the company's stock.

SentinelOne Price Performance

Shares of NYSE:S traded up $0.03 during midday trading on Monday, reaching $19.59. The company's stock had a trading volume of 3,173,270 shares, compared to its average volume of 5,654,851. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The company has a market capitalization of $6.51 billion, a P/E ratio of -14.85 and a beta of 0.77. The business's fifty day simple moving average is $18.36 and its 200-day simple moving average is $19.65.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analyst estimates 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 was up 22.9% on a year-over-year basis. On average, analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.