GAMMA Investing LLC Raises Holdings in SentinelOne, Inc. (NYSE:S)

GAMMA Investing LLC grew its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 11,049.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,233 shares of the company's stock after acquiring an additional 34,917 shares during the quarter. GAMMA Investing LLC's holdings in SentinelOne were worth $641,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Guggenheim Capital LLC lifted its holdings in shares of SentinelOne by 1.4% in the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after buying an additional 478 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of SentinelOne by 86.6% in 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 during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of SentinelOne by 4.6% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after buying an additional 724 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of SentinelOne by 48.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock valued at $73,000 after buying an additional 1,067 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of SentinelOne by 35.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,388 shares of the company's stock valued at $97,000 after buying an additional 1,153 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

Wall Street Analyst Weigh In

S has been the subject of several research analyst reports. Barclays dropped their price objective on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. Stephens reissued an "overweight" rating and set a $25.00 price target on shares of SentinelOne in a research report on Tuesday, May 27th. Jefferies Financial Group dropped their price target on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Westpark Capital dropped their price target on SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein dropped their price target on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and an average price target of $24.83.

SentinelOne Stock Performance

S stock opened at $17.61 on Thursday. The firm has a 50 day moving average price of $18.44 and a 200-day moving average price of $20.70. SentinelOne, Inc. has a 52-week low of $15.36 and a 52-week high of $29.29. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -13.34 and a beta of 0.77.

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

Insider Activity

In related news, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the sale, the chief accounting officer now directly owns 233,484 shares of the company's stock, valued at $4,615,978.68. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $19.17, for a total value of $1,166,762.88. Following the transaction, the chief executive officer now owns 920,297 shares in the company, valued at $17,642,093.49. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 300,689 shares of company stock valued at $5,471,360 in the last 90 days. Company insiders own 4.33% of the company's stock.

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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