Duality Advisers LP Invests $1.36 Million in SentinelOne, Inc. (NYSE:S)

Duality Advisers LP purchased a new position in SentinelOne, Inc. (NYSE:S) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 58,113 shares of the company’s stock, valued at approximately $1,355,000.

Several other large investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of SentinelOne during the 4th quarter valued at about $228,872,000. Trivest Advisors Ltd bought a new stake in shares of SentinelOne during the 4th quarter valued at about $143,273,000. Eminence Capital LP grew its stake in shares of SentinelOne by 89.7% during the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after purchasing an additional 2,569,781 shares during the period. OFI Invest Asset Management bought a new stake in shares of SentinelOne during the 1st quarter valued at about $14,851,000. Finally, NewEdge Wealth LLC bought a new stake in shares of SentinelOne during the 4th quarter valued at about $16,486,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 1.4 %

Shares of S traded up $0.29 during midday trading on Friday, reaching $20.52. 2,999,508 shares of the stock were exchanged, compared to its average volume of 5,358,103. SentinelOne, Inc. has a 52 week low of $13.87 and a 52 week high of $30.76. The company’s 50 day moving average is $19.91 and its two-hundred day moving average is $23.28. The company has a market capitalization of $6.42 billion, a P/E ratio of -19.82 and a beta of 0.66.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The firm had revenue of $186.36 million for the quarter, compared to the consensus estimate of $181.11 million. During the same period in the previous year, the company posted ($0.35) EPS. SentinelOne’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on S shares. DA Davidson boosted their price target on SentinelOne from $17.00 to $18.50 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Loop Capital cut their price objective on SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Morgan Stanley cut their price objective on SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and cut their price objective for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. Finally, Sanford C. Bernstein boosted their price objective on SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.86.

Insider Activity at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $55,935.06. Following the completion of the sale, the chief financial officer now directly owns 532,380 shares in the company, valued at $11,318,398.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Ric Smith sold 24,467 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the completion of the transaction, the insider now directly owns 666,419 shares in the company, valued at $11,529,048.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $55,935.06. Following the completion of the transaction, 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. Insiders have sold a total of 503,271 shares of company stock valued at $9,733,568 over the last quarter. 5.60% of the stock is owned by corporate 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.