Peregrine Capital Management LLC Increases Stock Holdings in SentinelOne, Inc. (NYSE:S)

Peregrine Capital Management LLC increased its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 394,309 shares of the company's stock after acquiring an additional 41,961 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.12% of SentinelOne worth $8,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its holdings in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company's stock worth $553,000 after acquiring an additional 898 shares in the last quarter. Bullseye Asset Management LLC grew its holdings in shares of SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock worth $1,605,000 after buying an additional 1,000 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of SentinelOne by 17.4% during the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company's stock worth $163,000 after buying an additional 1,012 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of SentinelOne by 8.1% during the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock worth $304,000 after buying an additional 1,022 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in shares of SentinelOne during the third quarter worth $26,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on S. Cantor Fitzgerald began coverage on shares of SentinelOne in a report on Thursday, January 9th. They set an "overweight" rating and a $30.00 target price for the company. Scotiabank upped their target price on shares of SentinelOne from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Robert W. Baird upped 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. Finally, JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.48.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 70,642 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 41,170 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the sale, the insider now owns 531,459 shares in the company, valued at $12,744,386.82. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 357,341 shares of company stock worth $8,423,765. Company insiders own 5.60% of the company's stock.

SentinelOne Stock Performance

Shares of S traded down $0.64 during mid-day trading on Friday, hitting $22.15. 3,828,029 shares of the company's stock were exchanged, compared to its average volume of 3,859,998. The company has a market cap of $7.12 billion, a price-to-earnings ratio of -23.56 and a beta of 0.75. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The stock's 50-day moving average is $23.12 and its 200-day moving average is $24.30.

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

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.