SentinelOne, Inc. (NYSE:S) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 110.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,886 shares of the company's stock after purchasing an additional 25,648 shares during the period. Cerity Partners LLC's holdings in SentinelOne were worth $889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of S. Marshall Wace LLP lifted its stake in shares of SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after buying an additional 4,206,900 shares during the period. Norges Bank acquired a new stake in shares of SentinelOne during the fourth quarter worth $73,528,000. Point72 Asset Management L.P. acquired a new stake in shares of SentinelOne during the fourth quarter worth $63,120,000. Federated Hermes Inc. lifted its stake in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after buying an additional 2,047,430 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of SentinelOne by 71.8% during the first quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company's stock worth $61,426,000 after buying an additional 1,411,626 shares during the period. 90.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Westpark Capital decreased their target price on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Roth Mkm initiated coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price objective for the company. Wells Fargo & Company reiterated an "equal weight" rating and issued a $18.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Jefferies Financial Group decreased their price objective on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Price Performance

S traded up $0.10 during midday trading on Friday, reaching $19.57. 6,699,033 shares of the company's stock were exchanged, compared to its average volume of 5,674,049. The business's 50-day moving average price is $18.38 and its 200 day moving average price is $19.71. The stock has a market capitalization of $6.51 billion, a PE ratio of -14.82 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 released 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 49.36% and a negative return on equity of 15.95%. The firm had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne's revenue was up 22.9% on a year-over-year basis. As a group, analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 23,518 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $18.30, for a total value of $430,379.40. Following the sale, the insider directly owned 1,007,026 shares of the company's stock, valued at $18,428,575.80. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $202,853.16. Following the completion of the sale, the insider directly owned 596,332 shares in the company, valued at $10,900,948.96. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,619 shares of company stock worth $1,386,302 over the last ninety days. 4.33% of the stock is owned by company insiders.

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.