Edgestream Partners L.P. Invests $399,000 in SentinelOne, Inc. (NYSE:S)

Edgestream Partners L.P. purchased a new stake in SentinelOne, Inc. (NYSE:S) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,662 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eminence Capital LP lifted its stake 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. Sylebra Capital LLC increased its holdings in SentinelOne by 10.5% in the second quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after buying an additional 643,097 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in SentinelOne by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock valued at $77,299,000 after buying an additional 590,628 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne during the 3rd quarter worth about $80,604,000. Finally, Westfield Capital Management Co. LP grew its position in shares of SentinelOne by 3.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,310,299 shares of the company’s stock valued at $79,182,000 after acquiring an additional 108,560 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Price Performance

Shares of S stock opened at $25.78 on Friday. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The company has a market capitalization of $8.18 billion, a PE ratio of -27.43 and a beta of 0.67. The firm’s 50-day moving average is $26.31 and its two-hundred day moving average is $23.15.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) EPS. Sell-side analysts forecast that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Activity

In related news, insider Ric Smith sold 23,567 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the sale, the insider now directly owns 585,647 shares of the company’s stock, valued at $12,819,812.83. This represents a 3.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,754 shares of company stock valued at $8,532,505. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a report on Tuesday. Morgan Stanley reissued an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a research note on Monday, December 2nd. Finally, Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $32.00 in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

About SentinelOne

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.