Nicholas Investment Partners LP Buys 97,626 Shares of SentinelOne, Inc. (NYSE:S)

Nicholas Investment Partners LP raised its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 83.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,060 shares of the company's stock after purchasing an additional 97,626 shares during the quarter. Nicholas Investment Partners LP owned approximately 0.07% of SentinelOne worth $5,901,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC lifted its holdings in shares of SentinelOne by 5.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,446 shares of the company's stock valued at $260,000 after purchasing an additional 836 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of SentinelOne by 16.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company's stock valued at $108,000 after purchasing an additional 900 shares during the last quarter. Montag A & Associates Inc. grew its position in SentinelOne by 143.0% during the third quarter. Montag A & Associates Inc. now owns 2,039 shares of the company's stock valued at $34,000 after buying an additional 1,200 shares during the period. Triumph Capital Management increased its holdings in SentinelOne by 8.7% during the third quarter. Triumph Capital Management now owns 18,210 shares of the company's stock valued at $307,000 after buying an additional 1,465 shares during the last quarter. Finally, PFG Investments LLC lifted its position in SentinelOne by 9.1% during the fourth quarter. PFG Investments LLC now owns 23,457 shares of the company's stock valued at $644,000 after purchasing an additional 1,963 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $21.54, for a total transaction of $1,311,010.56. Following the transaction, the chief executive officer now directly owns 1,179,171 shares in the company, valued at approximately $25,399,343.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $21.54, for a total transaction of $1,311,010.56. Following the transaction, the chief executive officer now owns 1,179,171 shares of the company's stock, valued at approximately $25,399,343.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $55,935.06. Following the sale, the chief financial officer now owns 532,380 shares of the company's stock, valued at $11,318,398.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 370,855 shares of company stock valued at $8,535,409. Corporate insiders own 5.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on S shares. The Goldman Sachs Group boosted their price target on SentinelOne from $19.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, February 21st. Bank of America raised shares of SentinelOne from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.50 to $35.00 in a research report on Wednesday, February 14th. Morgan Stanley raised their price target on SentinelOne from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Thursday, March 14th. DA Davidson upped their price target on shares of SentinelOne from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, March 14th. Finally, Sanford C. Bernstein lifted their target price on SentinelOne from $34.00 to $37.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.08.

SentinelOne Stock Performance

Shares of NYSE:S traded up $0.73 during midday trading on Wednesday, reaching $22.32. 3,150,645 shares of the company's stock traded hands, compared to its average volume of 5,392,781. The company has a market cap of $6.92 billion, a P/E ratio of -18.61 and a beta of 0.69. The company has a fifty day simple moving average of $22.57 and a two-hundred day simple moving average of $23.41. SentinelOne, Inc. has a 1 year low of $12.43 and a 1 year high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The firm had revenue of $174.18 million for the quarter, compared to analyst estimates of $169.40 million. During the same period last year, the company posted ($0.30) EPS. SentinelOne's quarterly revenue was up 38.1% compared to the same quarter last year. As a group, research analysts forecast 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.

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