CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Invests $2.39 Million in SentinelOne, Inc. (NYSE:S)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company's stock, valued at approximately $2,392,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sycomore Asset Management boosted its holdings in SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company's stock valued at $5,537,000 after purchasing an additional 83,060 shares in the last quarter. Eminence Capital LP boosted its holdings in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after purchasing an additional 1,337,145 shares in the last quarter. Andar Capital Management HK Ltd acquired a new stake in SentinelOne during the second quarter valued at approximately $4,736,000. Hood River Capital Management LLC acquired a new stake in SentinelOne during the second quarter valued at approximately $4,060,000. Finally, Lord Abbett & CO. LLC boosted its holdings in SentinelOne by 25.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company's stock valued at $43,006,000 after purchasing an additional 375,275 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on S. JPMorgan Chase & Co. lifted their price objective on SentinelOne from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Baird R W raised SentinelOne to a "strong-buy" rating in a report on Monday, July 15th. Morgan Stanley boosted their target price on SentinelOne from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Guggenheim reissued a "buy" rating and issued a $23.00 target price on shares of SentinelOne in a report on Tuesday, June 25th. Finally, Piper Sandler raised SentinelOne from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $25.00 to $32.00 in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and a consensus target price of $28.60.

SentinelOne Stock Down 2.9 %

Shares of S traded down $0.76 during trading hours on Tuesday, reaching $25.88. The stock had a trading volume of 3,305,187 shares, compared to its average volume of 5,358,501. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The firm has a 50-day moving average of $24.03 and a 200 day moving average of $21.88. The company has a market cap of $8.10 billion, a P/E ratio of -25.37 and a beta of 0.67.

SentinelOne (NYSE:S - Get Free Report) 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 analysts' expectations of $197.32 million. During the same quarter in the prior year, the company earned ($0.26) EPS. The firm's quarterly revenue was up 33.1% on a year-over-year basis. As a group, equities analysts expect that SentinelOne, Inc. will post -0.72 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 82,116 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $22,453,135.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Tomer Weingarten sold 82,116 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company's stock, valued at approximately $22,453,135.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 14,583 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the transaction, the insider now directly owns 585,647 shares of the company's stock, valued at approximately $14,172,657.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 489,850 shares of company stock worth $11,034,964 in the last quarter. Corporate insiders own 5.60% of the company's stock.

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.