Pathway Capital Management LP Purchases New Position in SentinelOne, Inc. (NYSE:S)

Pathway Capital Management LP bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 374,387 shares of the company's stock, valued at approximately $8,311,000. SentinelOne makes up approximately 8.3% of Pathway Capital Management LP's investment portfolio, making the stock its 3rd largest position. Pathway Capital Management LP owned about 0.12% of SentinelOne at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Avion Wealth acquired a new stake in shares of SentinelOne in the fourth quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in SentinelOne in the fourth quarter valued at $33,000. Arlington Trust Co LLC acquired a new stake in SentinelOne in the 4th quarter valued at $33,000. Modus Advisors LLC bought a new stake in SentinelOne during the 4th quarter worth about $48,000. Finally, Capital Performance Advisors LLP bought a new stake in SentinelOne during the 3rd quarter worth about $55,000. Institutional investors own 90.87% of the company's stock.

SentinelOne Stock Up 1.0 %

Shares of S traded up $0.20 during midday trading on Wednesday, reaching $20.10. 5,584,523 shares of the stock were exchanged, compared to its average volume of 4,005,639. The stock's 50 day simple moving average is $22.81 and its 200 day simple moving average is $24.27. The company has a market cap of $6.46 billion, a P/E ratio of -21.38 and a beta of 0.75. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne's revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) earnings per share. As a group, analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $20.96, for a total transaction of $305,680.64. Following the completion of the sale, the insider now owns 529,118 shares of the company's stock, valued at $11,090,313.28. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 371,925 shares of company stock valued at $8,729,445. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on S shares. Guggenheim reaffirmed a "buy" rating and issued a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Cantor Fitzgerald began coverage on SentinelOne in a research note on Thursday, January 9th. They issued an "overweight" rating and a $30.00 price target for the company. UBS Group cut SentinelOne from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a "hold" rating to a "buy" rating and increased their price objective for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price on shares of SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.48.

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.