Oppenheimer & Co. Inc. Buys 18,009 Shares of SentinelOne, Inc. (NYSE:S)

Oppenheimer & Co. Inc. increased its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 54.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,041 shares of the company's stock after buying an additional 18,009 shares during the period. Oppenheimer & Co. Inc.'s holdings in SentinelOne were worth $928,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of S. Vanguard Group Inc. increased its stake 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 acquiring an additional 399,056 shares in the last quarter. Sylebra Capital LLC grew its holdings in SentinelOne by 6.2% in the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after purchasing an additional 564,327 shares during the period. Eminence Capital LP increased its stake in shares of SentinelOne by 6.4% during the fourth 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 in the last quarter. Invesco Ltd. increased its stake in shares of SentinelOne by 18.4% during the fourth 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 in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of SentinelOne by 715.4% during the fourth 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 last quarter. 90.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $16.33, for a total value of $993,909.12. Following the completion of the transaction, the chief executive officer now directly owns 1,581,396 shares in the company, valued at $25,824,196.68. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total transaction of $202,853.16. Following the sale, the insider now directly owns 596,332 shares of the company's stock, valued at approximately $10,900,948.96. This trade represents a 1.83% 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. 4.33% of the stock is owned by corporate insiders.

SentinelOne Trading Down 0.8%

S opened at $17.86 on Monday. The firm's 50 day simple moving average is $18.51 and its two-hundred day simple moving average is $20.25. The company has a market capitalization of $5.94 billion, a PE ratio of -13.53 and a beta of 0.77. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released 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. 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 during the quarter, compared to analyst estimates of $228.39 million. The company's quarterly revenue was up 22.9% compared to the same quarter last year. Equities analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

S has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $18.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Needham & Company LLC reduced their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Bank of America reaffirmed a "neutral" rating and issued a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. Canaccord Genuity Group cut their price objective on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Finally, Barclays reduced their price objective on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.83.

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.

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