Millrace Asset Group Inc. Takes Position in SentinelOne, Inc. (NYSE:S)

Millrace Asset Group Inc. bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,013 shares of the company's stock, valued at approximately $2,034,000. SentinelOne accounts for about 2.1% of Millrace Asset Group Inc.'s investment portfolio, making the stock its 14th largest position.

A number of other hedge funds have also added to or reduced their stakes in S. Waldron Private Wealth LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at about $26,000. Blue Trust Inc. bought a new stake in shares of SentinelOne during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock valued at $28,000 after acquiring an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company's stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in SentinelOne during the 2nd quarter worth approximately $49,000. 90.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO David J. Bernhardt sold 11,061 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $252,190.80. Following the completion of the sale, the chief financial officer now owns 489,003 shares of the company's stock, valued at $11,149,268.40. This trade represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,125 shares of company stock valued at $10,367,734 in the last quarter. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on S shares. Robert W. Baird lifted their target price on shares of SentinelOne from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Sanford C. Bernstein cut their price objective on SentinelOne from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on SentinelOne from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, August 23rd. Westpark Capital restated a "buy" rating and set a $34.00 price target on shares of SentinelOne in a research report on Monday, August 26th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $33.00 price objective on shares of SentinelOne in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.73.

SentinelOne Trading Up 0.2 %

Shares of S traded up $0.05 during mid-day trading on Tuesday, reaching $27.93. The company's stock had a trading volume of 4,102,112 shares, compared to its average volume of 5,136,098. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The company's fifty day moving average price is $25.77 and its two-hundred day moving average price is $22.82. The stock has a market cap of $8.86 billion, a PE ratio of -29.97 and a beta of 0.65.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million during the quarter, compared to analysts' expectations of $197.32 million. During the same period in the prior year, the business posted ($0.26) EPS. SentinelOne's quarterly revenue was up 33.1% compared to the same quarter last year. Research analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current year.

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.