Millrace Asset Group Inc. Invests $2.03 Million in SentinelOne, Inc. (NYSE:S)

Millrace Asset Group Inc. purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 85,013 shares of the company’s stock, valued at approximately $2,034,000. SentinelOne accounts for approximately 2.1% of Millrace Asset Group Inc.’s holdings, making the stock its 14th biggest position.

A number of other institutional investors also recently bought and sold shares of the stock. Champlain Investment Partners LLC bought a new position in SentinelOne in the third quarter worth $80,604,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of SentinelOne in the 2nd quarter worth about $36,237,000. Eminence Capital LP increased its stake in shares of SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after acquiring an additional 1,337,145 shares in the last quarter. Stephens Investment Management Group LLC purchased a new position in SentinelOne during the 3rd quarter valued at about $30,972,000. Finally, AXA S.A. bought a new stake in SentinelOne during the second quarter worth about $20,082,000. 90.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the transaction, the insider now directly owns 582,512 shares in the company, valued at approximately $15,290,940. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 432,125 shares of company stock worth $10,367,734. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

S opened at $27.88 on Tuesday. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of -29.98 and a beta of 0.65. The company has a fifty day moving average of $25.77 and a 200 day moving average of $22.82. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s revenue was up 33.1% on a year-over-year basis. On average, equities research analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Wells Fargo & Company increased their price target on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Westpark Capital restated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a report on Monday, August 26th. Scotiabank upped their price objective on SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Finally, JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.73.

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.