SentinelOne, Inc. (NYSE:S) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in SentinelOne, Inc. by 34.2% in the first quarter, owning 637,204 shares worth approximately $11.58 million.
• SentinelOne's shares have experienced a 3.7% drop, trading at $16.06, with a twelve-month range of $15.36 to $29.29.
• Analysts have mixed ratings on SentinelOne, with price targets ranging from $18.00 to $28.00, and a consensus rating of "Moderate Buy".

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 34.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 637,204 shares of the company's stock after purchasing an additional 162,501 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of SentinelOne worth $11,584,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of S. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne in the 1st quarter valued at $26,000. Parallel Advisors LLC boosted its holdings 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 acquiring an additional 942 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring 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 $38,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of SentinelOne in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 31,916 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $552,465.96. Following the completion of the sale, the chief executive officer directly owned 1,500,460 shares in the company, valued at approximately $25,972,962.60. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robin Tomasello sold 2,921 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the sale, the chief accounting officer owned 306,044 shares of the company's stock, valued at approximately $5,297,621.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,730 shares of company stock valued at $2,366,017 over the last ninety days. 4.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, May 23rd. Barclays decreased their target price 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $19.00 target price (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Susquehanna decreased their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Finally, Guggenheim reiterated a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a research note on Wednesday, May 21st. Ten analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Stock Performance

Shares of NYSE S traded up $0.48 during mid-day trading on Tuesday, reaching $16.29. The company's stock had a trading volume of 4,958,756 shares, compared to its average volume of 8,785,698. The stock has a 50-day moving average of $18.01 and a two-hundred day moving average of $19.26. The stock has a market capitalization of $5.42 billion, a P/E ratio of -12.34 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 issued its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. SentinelOne's revenue for the quarter was up 22.9% compared to the same quarter last year. Analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.