Panoramic Capital LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Panoramic Capital LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 99,832 shares of the company's stock, valued at approximately $2,216,000. SentinelOne comprises about 1.2% of Panoramic Capital LLC's investment portfolio, making the stock its 21st largest holding.

Several other hedge funds have also added to or reduced their stakes in S. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares during the period. Avion Wealth bought a new stake in SentinelOne during the 4th quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $33,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in SentinelOne in the fourth quarter valued at approximately $40,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Stock Up 0.5%

Shares of S traded up $0.10 during mid-day trading on Friday, hitting $20.22. The company had a trading volume of 2,467,549 shares, compared to its average volume of 5,005,850. The stock has a market cap of $6.66 billion, a PE ratio of -21.51 and a beta of 0.81. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The business's 50-day simple moving average is $18.49 and its 200-day simple moving average is $22.08.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on S. Needham & Company LLC decreased their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Piper Sandler dropped their target price on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Robert W. Baird lowered their price objective on shares of SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Canaccord Genuity Group lowered their price objective on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, Bank of America lowered their target price on shares of SentinelOne from $29.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.13.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $191,629.44. Following the transaction, the chief executive officer now directly owns 1,571,060 shares of the company's stock, valued at $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the transaction, the insider now directly owns 529,118 shares in the company, valued at approximately $11,090,313.28. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 432,498 shares of company stock valued at $8,136,199. Corporate insiders own 5.60% of the company's stock.

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.