5,221,333 Shares in SentinelOne, Inc. (NYSE:S) Purchased by Trivest Advisors Ltd

Trivest Advisors Ltd acquired a new position in SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,221,333 shares of the company's stock, valued at approximately $143,273,000. SentinelOne makes up 6.5% of Trivest Advisors Ltd's portfolio, making the stock its 8th largest position. Trivest Advisors Ltd owned about 1.75% of SentinelOne at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Montag A & Associates Inc. increased its position in SentinelOne by 143.0% in the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company's stock worth $34,000 after purchasing an additional 1,200 shares during the last quarter. Acadian Asset Management LLC acquired a new position in SentinelOne in the 3rd quarter worth about $38,000. Cary Street Partners Investment Advisory LLC acquired a new position in SentinelOne in the 3rd quarter worth about $55,000. Harel Insurance Investments & Financial Services Ltd. increased its position in SentinelOne by 16.4% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company's stock worth $108,000 after purchasing an additional 900 shares during the last quarter. Finally, Pursue Wealth Partners LLC acquired a new position in SentinelOne in the 4th quarter worth about $205,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Price Performance

Shares of S stock traded down $0.10 on Friday, reaching $21.11. 2,498,277 shares of the stock were exchanged, compared to its average volume of 3,344,621. The stock has a market cap of $6.54 billion, a PE ratio of -18.20 and a beta of 0.69. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $30.76. The stock has a 50 day moving average price of $22.76 and a 200 day moving average price of $23.32.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. The company had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm's quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.30) earnings per share. On average, research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America raised SentinelOne from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.50 to $35.00 in a report on Wednesday, February 14th. JMP Securities reissued a "market outperform" rating and set a $33.00 price objective on shares of SentinelOne in a report on Monday, April 1st. DA Davidson increased their price objective on SentinelOne from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, March 14th. Morgan Stanley raised their target price on SentinelOne from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Thursday, March 14th. Finally, Wedbush raised their target price on SentinelOne from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.08.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 69,427 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $27.09, for a total value of $1,880,777.43. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares in the company, valued at $34,813,954.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other SentinelOne news, insider Keenan Michael Conder sold 5,157 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $27.25, for a total value of $140,528.25. Following the completion of the sale, the insider now directly owns 462,240 shares in the company, valued at $12,596,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 69,427 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $27.09, for a total value of $1,880,777.43. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares of the company's stock, valued at $34,813,954.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,077 shares of company stock worth $5,281,337. 5.93% of the stock is owned by 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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