Rhumbline Advisers Acquires 62,404 Shares of SentinelOne, Inc. (NYSE:S)

Rhumbline Advisers boosted its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,049 shares of the company's stock after buying an additional 62,404 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of SentinelOne worth $6,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth $80,604,000. Sylebra Capital LLC increased its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP increased its stake in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. Stephens Investment Management Group LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth $30,972,000. Finally, Wellington Management Group LLP acquired a new position in shares of SentinelOne during the 3rd quarter worth $27,000,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares of the company's stock, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 41,170 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at approximately $12,744,386.82. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 371,925 shares of company stock valued at $8,729,445 in the last ninety days. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on S. Scotiabank increased their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a "hold" rating to a "buy" rating and raised their target price for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Oppenheimer started coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $32.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Barclays lowered their target price on shares of SentinelOne from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, December 5th. Seven equities research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.48.

SentinelOne Stock Performance

Shares of NYSE:S traded up $0.30 during midday trading on Friday, reaching $20.63. 4,163,349 shares of the company's stock were exchanged, compared to its average volume of 3,950,920. The company's 50 day simple moving average is $22.95 and its two-hundred day simple moving average is $24.30. The firm has a market capitalization of $6.63 billion, a PE ratio of -21.94 and a beta of 0.75. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last announced 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). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same period in the prior year, the business earned ($0.21) earnings per share. The company's revenue for the quarter was up 28.3% on a year-over-year basis. On average, research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share 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.