Interchange Capital Partners LLC Buys New Position in SentinelOne, Inc. (NYSE:S)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased 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 valued at $663,366,000 after purchasing an additional 399,056 shares during the period. Sylebra Capital LLC increased 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 valued at $213,415,000 after purchasing an additional 564,327 shares during the period. Eminence Capital LP increased 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 valued at $145,052,000 after purchasing an additional 392,986 shares during the period. Invesco Ltd. increased 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 valued at $128,494,000 after purchasing an additional 900,577 shares during the period. Finally, Marshall Wace LLP increased 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 valued at $106,447,000 after purchasing an additional 4,206,900 shares during the period. Institutional investors and hedge funds own 90.87% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Sanford C. Bernstein lowered their price target on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Morgan Stanley lowered their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC lowered their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Roth Capital set a $26.00 price target on SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Piper Sandler lowered their price target on SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research note 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 stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.83.

SentinelOne Price Performance

Shares of NYSE:S traded down $0.61 during midday trading on Friday, reaching $17.31. The company's stock had a trading volume of 4,287,387 shares, compared to its average volume of 5,191,956. 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 $5.76 billion, a P/E ratio of -13.11 and a beta of 0.77. The business's fifty day simple moving average is $18.56 and its 200-day simple moving average is $19.96.

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, meeting the consensus estimate of $0.02. The business had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The business's quarterly 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.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 27,481 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $502,352.68. Following the transaction, the insider owned 1,030,544 shares in the company, valued at approximately $18,838,344.32. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $17.82, for a total value of $1,084,596.48. Following the transaction, the chief executive officer owned 1,581,396 shares in the company, valued at approximately $28,180,476.72. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,347 shares of company stock worth $3,464,807. 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.