Summit Trail Advisors LLC Buys Shares of 170,079 SentinelOne, Inc. (NYSE:S)

Summit Trail Advisors LLC purchased a new position in SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 170,079 shares of the company's stock, valued at approximately $3,776,000. Summit Trail Advisors LLC owned about 0.05% of SentinelOne at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Champlain Investment Partners LLC acquired a new position in SentinelOne during the third quarter valued at $80,604,000. Sylebra Capital LLC lifted its position in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the period. Atreides Management LP lifted its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock valued at $90,965,000 after purchasing an additional 2,200,594 shares during the period. Stephens Investment Management Group LLC acquired a new position in SentinelOne during the third quarter valued at $30,972,000. Finally, Wellington Management Group LLP acquired a new position in SentinelOne during the third quarter valued at $27,000,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $56,066.95. Following the transaction, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $12,672,376.10. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 357,341 shares of company stock valued at $8,423,765 in the last ninety days. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

S has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. UBS Group downgraded shares of SentinelOne from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $30.00 to $25.00 in a research report on Wednesday, January 15th. Jefferies Financial Group upgraded shares of SentinelOne from a "hold" rating to a "buy" rating and upped their price objective for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. Westpark Capital reiterated a "buy" rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Finally, Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.56.

SentinelOne Stock Performance

Shares of NYSE:S traded down $0.17 during trading hours on Friday, reaching $24.81. The stock had a trading volume of 3,589,658 shares, compared to its average volume of 3,661,785. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.36. The firm's 50 day moving average is $23.17 and its 200-day moving average is $24.24. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of -26.39 and a beta of 0.75.

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