Thurston Springer Miller Herd & Titak Inc. Invests $944,000 in SentinelOne, Inc. (NYSE:S)

Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,524 shares of the company's stock, valued at approximately $944,000.

Several other hedge funds also recently modified their holdings of the stock. Sylebra Capital LLC raised 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 worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Eminence Capital LP raised its holdings in shares of SentinelOne by 24.2% in the 2nd 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 during the period. State Street Corp grew its holdings in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company's stock worth $121,325,000 after purchasing an additional 516,244 shares during the period. Geode Capital Management LLC increased its position in SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company's stock worth $107,326,000 after buying an additional 355,944 shares during the last quarter. Finally, Atreides Management LP raised its stake in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock valued at $90,965,000 after buying an additional 2,200,594 shares during the period. Institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on S shares. Oppenheimer began coverage on SentinelOne in a report on Wednesday. They set an "outperform" rating and a $32.00 target price on the stock. Cantor Fitzgerald began coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an "overweight" rating and a $30.00 price objective on the stock. Wedbush upgraded shares of SentinelOne to a "strong-buy" rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a "hold" rating to a "buy" rating and lifted their target price for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Finally, DA Davidson raised their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.48.

SentinelOne Stock Performance

Shares of SentinelOne stock traded up $0.46 during trading on Thursday, reaching $22.22. 2,949,064 shares of the company's stock were exchanged, compared to its average volume of 3,841,406. The firm's 50-day moving average price is $24.84 and its 200 day moving average price is $23.91. The company has a market cap of $7.14 billion, a P/E ratio of -23.63 and a beta of 0.74. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported ($0.21) 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 was up 28.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) EPS. As a group, equities research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 10,165 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25. Following the sale, the chief executive officer now directly owns 1,029,332 shares in the company, valued at approximately $27,019,965. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ric Smith sold 14,583 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at $12,090,692.25. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 358,135 shares of company stock valued at $8,757,911 in the last quarter. Insiders own 5.60% of the company's stock.

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.