20,174 Shares in SentinelOne, Inc. (NYSE:S) Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,174 shares of the company's stock, valued at approximately $367,000.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP raised its holdings in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Norges Bank purchased a new position in SentinelOne during the fourth quarter worth about $73,528,000. Point72 Asset Management L.P. purchased a new position in SentinelOne during the fourth quarter worth about $63,120,000. Federated Hermes Inc. raised its holdings in SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after purchasing an additional 2,047,430 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in SentinelOne by 71.8% during the first quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company's stock worth $61,426,000 after purchasing an additional 1,411,626 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Activity

In other news, insider Keenan Michael Conder sold 11,097 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $202,853.16. Following the transaction, the insider owned 596,332 shares of the company's stock, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $17.82, for a total transaction of $1,084,596.48. Following the completion of the transaction, the chief executive officer directly owned 1,581,396 shares in the company, valued at approximately $28,180,476.72. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,347 shares of company stock valued at $3,464,807. Company insiders own 4.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on S. Barclays dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Morgan Stanley dropped their target price on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Westpark Capital dropped their target price on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, May 29th. UBS Group dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, DA Davidson dropped their target price on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.83.

SentinelOne Trading Down 2.4%

Shares of S traded down $0.45 during mid-day trading on Thursday, reaching $18.08. The company had a trading volume of 3,098,900 shares, compared to its average volume of 5,183,708. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of -13.70 and a beta of 0.77. The firm has a fifty day simple moving average of $18.60 and a 200-day simple moving average of $20.02. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting 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 business had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. The business's quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.