GAMMA Investing LLC Acquires 34,917 Shares of SentinelOne, Inc. (NYSE:S)

GAMMA Investing LLC raised its position in SentinelOne, Inc. (NYSE:S - Free Report) by 11,049.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,233 shares of the company's stock after acquiring an additional 34,917 shares during the period. GAMMA Investing LLC's holdings in SentinelOne were worth $641,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in S. Vanguard Group Inc. raised its holdings in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock worth $663,366,000 after buying an additional 399,056 shares in the last quarter. Sylebra Capital LLC raised its holdings in shares of SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after buying an additional 564,327 shares in the last quarter. Eminence Capital LP raised its holdings in shares of SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock worth $145,052,000 after buying an additional 392,986 shares in the last quarter. Invesco Ltd. raised its holdings in shares of SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock worth $128,494,000 after buying an additional 900,577 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after buying an additional 4,206,900 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Trading Down 1.3%

Shares of NYSE:S traded down $0.24 during midday trading on Friday, hitting $17.38. The company had a trading volume of 11,132,087 shares, compared to its average volume of 5,144,774. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of -13.16 and a beta of 0.77. The firm has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $20.48.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne's quarterly revenue was up 22.9% compared to the same quarter last year. Equities analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on S shares. Needham & Company LLC dropped their target price on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Barclays dropped their target price on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Susquehanna decreased their price target on SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley decreased their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Piper Sandler decreased their price target on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and an average price target of $24.83.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $18.30, for a total transaction of $430,379.40. Following the transaction, the insider now directly owns 1,007,026 shares in the company, valued at approximately $18,428,575.80. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the transaction, the chief financial officer now owns 473,223 shares in the company, valued at approximately $9,355,618.71. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 239,825 shares of company stock worth $4,304,597 in the last three months. Insiders own 4.33% of the company's stock.

SentinelOne 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.