Readystate Asset Management LP Makes New Investment in SentinelOne, Inc. (NYSE:S)

Readystate Asset Management LP purchased a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 230,591 shares of the company's stock, valued at approximately $4,192,000. Readystate Asset Management LP owned approximately 0.07% of SentinelOne at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in S. Proficio Capital Partners LLC purchased a new stake in SentinelOne during the 4th quarter valued at approximately $257,000. Commonwealth Equity Services LLC grew its holdings in SentinelOne by 15.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 44,405 shares of the company's stock valued at $986,000 after buying an additional 6,076 shares in the last quarter. Xponance Inc. grew its holdings in SentinelOne by 11.4% during the 4th quarter. Xponance Inc. now owns 16,081 shares of the company's stock valued at $357,000 after buying an additional 1,640 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in SentinelOne during the 4th quarter valued at approximately $813,000. Finally, Sei Investments Co. boosted its position in shares of SentinelOne by 11.0% during the 4th quarter. Sei Investments Co. now owns 227,811 shares of the company's stock valued at $5,057,000 after acquiring an additional 22,508 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on S shares. Sanford C. Bernstein dropped their price objective on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. UBS Group decreased their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $18.00 target price (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Rosenblatt Securities assumed coverage on SentinelOne in a report on Friday, July 18th. They set a "buy" rating and a $24.00 target price on the stock. Finally, Jefferies Financial Group dropped their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Ten 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.80.

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the transaction, the insider directly owned 596,332 shares in the company, valued at approximately $10,900,948.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 23,518 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $18.30, for a total value of $430,379.40. Following the transaction, the insider owned 1,007,026 shares of the company's stock, valued at approximately $18,428,575.80. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,619 shares of company stock valued at $1,386,302 over the last 90 days. 4.33% of the stock is owned by corporate insiders.

SentinelOne Trading Up 1.2%

Shares of SentinelOne stock traded up $0.23 on Friday, reaching $19.70. 4,592,504 shares of the stock were exchanged, compared to its average volume of 5,656,395. The business has a fifty day moving average price of $18.38 and a two-hundred day moving average price of $19.71. The firm has a market capitalization of $6.55 billion, a PE ratio of -14.92 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 posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $229.03 million during 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 revenue for the quarter was up 22.9% compared to the same quarter last year. Research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

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.