Interchange Capital Partners LLC Makes New Investment in SentinelOne, Inc. (NYSE:S)

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

Several other large investors have also recently bought and sold shares of the stock. CENTRAL TRUST Co bought a new position in shares of SentinelOne during the first quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares during the period. Parallel Advisors LLC boosted its position in shares of SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $38,000. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Performance

Shares of S stock traded down $0.30 on Friday, hitting $17.62. 894,931 shares of the company's stock traded hands, compared to its average volume of 5,181,577. SentinelOne, Inc. has a one year low of $15.36 and a one year high of $29.29. The company's fifty day simple moving average is $18.59 and its 200 day simple moving average is $19.99. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of -13.36 and a beta of 0.77.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Susquehanna cut their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research report on Thursday, May 29th. Roth Mkm assumed coverage on shares of SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price target on the stock. Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Needham & Company LLC decreased their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Finally, UBS Group decreased their price target on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Ten investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.83.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $18.30, for a total transaction of $430,379.40. Following the completion of the transaction, the insider directly owned 1,007,026 shares of the company's stock, valued at $18,428,575.80. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the completion of the transaction, the chief executive officer directly owned 1,571,060 shares of the company's stock, valued at $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,347 shares of company stock valued at $3,464,807. Company insiders own 4.33% of the company's stock.

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.