Rhumbline Advisers Increases Stake in SentinelOne, Inc. $S

Key Points

• Rhumbline Advisers has increased its stake in SentinelOne, Inc. by 5.7% in Q1, holding 332,102 shares valued at approximately $6.04 million.
• Several institutional investors have also modified their holdings, with a significant increase by Parallel Advisors LLC (94%) and GAMMA Investing LLC (513.3%) during the same quarter.
• Brokerages have favorable ratings for SentinelOne, with price targets ranging from $21 to $29, indicating strong growth expectations for the company.

Rhumbline Advisers raised its position in SentinelOne, Inc. (NYSE:S - Free Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,102 shares of the company's stock after purchasing an additional 18,053 shares during the period. Rhumbline Advisers owned 0.10% of SentinelOne worth $6,038,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne in the 1st quarter valued at approximately $26,000. Parallel Advisors LLC increased its position in shares of SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after purchasing an additional 942 shares during the last quarter. GAMMA Investing LLC increased its position in shares of SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,622 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SentinelOne in the 4th quarter valued at approximately $38,000. Finally, Versant Capital Management Inc increased its position in shares of SentinelOne by 510.9% in the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock valued at $42,000 after purchasing an additional 1,921 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on S. Guggenheim reissued a "buy" rating and issued a $28.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. Sanford C. Bernstein increased their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. JMP Securities restated a "market outperform" rating and issued a $29.00 target price on shares of SentinelOne in a report on Tuesday. Barclays upped their target price on shares of SentinelOne from $19.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Finally, Needham & Company LLC upped their target price on shares of SentinelOne from $22.00 to $23.00 and gave the company a "buy" rating in a report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.26.

SentinelOne Price Performance

Shares of NYSE:S opened at $18.29 on Friday. The stock has a market cap of $6.10 billion, a P/E ratio of -13.85 and a beta of 0.78. The firm has a fifty day moving average price of $17.84 and a 200 day moving average price of $18.32. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 23,520 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total transaction of $425,006.40. Following the completion of the sale, the insider owned 928,021 shares in the company, valued at $16,769,339.47. This represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keenan Michael Conder sold 11,098 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $207,421.62. Following the sale, the insider owned 579,407 shares of the company's stock, valued at approximately $10,829,116.83. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,753 shares of company stock worth $6,195,217 in the last quarter. 4.33% of the stock is currently owned by company 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.

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