Versor Investments LP Invests $380,000 in SentinelOne, Inc. (NYSE:S)

Versor Investments LP acquired a new position in SentinelOne, Inc. (NYSE:S - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,100 shares of the company's stock, valued at approximately $380,000.

A number of other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in SentinelOne in the fourth quarter worth $257,000. Oppenheimer Asset Management Inc. grew its position in shares of SentinelOne by 25.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,782 shares of the company's stock worth $262,000 after buying an additional 2,387 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of SentinelOne by 6.8% in the fourth quarter. NewEdge Wealth LLC now owns 851,072 shares of the company's stock valued at $18,894,000 after acquiring an additional 53,865 shares in the last quarter. IFP Advisors Inc grew its holdings in SentinelOne by 33.1% during the 4th quarter. IFP Advisors Inc now owns 4,959 shares of the company's stock worth $110,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in SentinelOne during the 4th quarter valued at about $255,000. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, December 5th. UBS Group cut shares of SentinelOne from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Robert W. Baird raised their price target on shares of SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Oppenheimer initiated coverage on shares of SentinelOne in a report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective on the stock. Finally, Cantor Fitzgerald assumed coverage on SentinelOne in a research note on Thursday, January 9th. They issued an "overweight" rating and a $30.00 target price for the company. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.48.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,178 shares of SentinelOne stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $243,763.10. Following the transaction, the chief executive officer now directly owns 949,504 shares of the company's stock, valued at $22,740,620.80. The trade was a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 14,584 shares of the business'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 transaction, the insider now owns 529,118 shares in the company, valued at $11,090,313.28. The trade was a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 371,925 shares of company stock valued at $8,729,445. Corporate insiders own 5.60% of the company's stock.

SentinelOne Price Performance

SentinelOne stock traded up $0.20 during midday trading on Wednesday, reaching $20.10. The company had a trading volume of 5,585,342 shares, compared to its average volume of 4,005,816. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The firm's fifty day simple moving average is $22.81 and its 200-day simple moving average is $24.27. The company has a market capitalization of $6.46 billion, a P/E ratio of -21.38 and a beta of 0.75.

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 analysts' consensus estimates of $0.01 by ($0.22). The firm had revenue of $210.60 million during 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 business's revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) earnings per share. On average, analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal 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.