Penserra Capital Management LLC Acquires 1,411,626 Shares of SentinelOne, Inc. (NYSE:S)

Penserra Capital Management LLC boosted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 71.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,378,778 shares of the company's stock after purchasing an additional 1,411,626 shares during the quarter. SentinelOne comprises 1.1% of Penserra Capital Management LLC's holdings, making the stock its 17th biggest position. Penserra Capital Management LLC owned approximately 1.02% of SentinelOne worth $61,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of S. US Bancorp DE lifted its holdings in SentinelOne by 26.4% in the fourth quarter. US Bancorp DE now owns 49,873 shares of the company's stock worth $1,107,000 after purchasing an additional 10,413 shares during the period. LPL Financial LLC boosted its holdings in shares of SentinelOne by 66.3% in the fourth quarter. LPL Financial LLC now owns 127,666 shares of the company's stock valued at $2,834,000 after acquiring an additional 50,917 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of SentinelOne by 52.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,649 shares of the company's stock valued at $192,000 after acquiring an additional 2,978 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of SentinelOne by 13.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 43,343 shares of the company's stock valued at $962,000 after acquiring an additional 4,978 shares during the period. Finally, GAMMA Investing LLC raised its holdings in SentinelOne by 11,049.7% during the first quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock worth $641,000 after purchasing an additional 34,917 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America reiterated a "neutral" rating and set a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. Jefferies Financial Group decreased their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, March 31st. UBS Group dropped their price target on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. DA Davidson reduced their price objective on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, Westpark Capital lowered their price objective on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and a consensus target price of $24.83.

SentinelOne Stock Down 1.2%

Shares of SentinelOne stock traded down $0.23 on Monday, hitting $18.22. 6,791,683 shares of the company traded hands, compared to its average volume of 5,181,173. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The company has a market cap of $6.06 billion, a PE ratio of -13.80 and a beta of 0.77. The company has a 50-day moving average price of $18.61 and a 200 day moving average price of $20.05.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The company had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne's revenue for the quarter was up 22.9% compared to the same quarter last year. Equities research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of the business'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 completion of the sale, the insider directly owned 596,332 shares in the company, valued at approximately $10,900,948.96. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 1,581,396 shares of the company's stock, valued at $28,180,476.72. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,347 shares of company stock worth $3,464,807 in the last 90 days. 4.33% of the stock is owned by insiders.

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.