Rhumbline Advisers Purchases 18,053 Shares of SentinelOne, Inc. (NYSE:S)

Rhumbline Advisers boosted its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 332,102 shares of the company's stock after buying an additional 18,053 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of SentinelOne worth $6,038,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in shares of SentinelOne by 86.6% during the 4th 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 last quarter. Avion Wealth purchased a new stake in shares of SentinelOne during the fourth quarter worth $28,000. Parallel Advisors LLC lifted its position in SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne in the fourth quarter valued at approximately $38,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at $40,000. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Down 3.4%

Shares of NYSE:S traded down $0.61 during trading on Friday, hitting $17.27. 5,799,520 shares of the company traded hands, compared to its average volume of 5,106,102. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of -18.37 and a beta of 0.77. SentinelOne, Inc. has a one year low of $15.36 and a one year high of $29.29. The business's fifty day moving average is $18.43 and its 200-day moving average is $20.99.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The firm's revenue was up 22.9% compared to the same quarter last year. On average, analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

S has been the subject of several recent research reports. Roth Capital set a $26.00 price target on shares of SentinelOne and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Scotiabank cut their target price on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Westpark Capital dropped their target price on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley reduced their price target on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group dropped their price objective on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne has an average rating of "Moderate Buy" and an average target price of $24.83.

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of the company'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 transaction, the insider now directly owns 596,332 shares of the company's stock, valued at approximately $10,900,948.96. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 31,659 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the transaction, the insider now directly owns 477,271 shares in the company, valued at approximately $9,115,876.10. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 413,967 shares of company stock valued at $7,674,963. 4.33% of the stock is owned by corporate insiders.

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.