Levin Capital Strategies L.P. Buys Shares of 10,000 SentinelOne, Inc. (NYSE:S)

Levin Capital Strategies L.P. acquired a new position in SentinelOne, Inc. (NYSE:S) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in SentinelOne during the 4th quarter valued at about $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in SentinelOne in the 1st quarter worth about $80,000. Advisors Asset Management Inc. grew its stake in SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares in the last quarter. Optimum Investment Advisors grew its stake in SentinelOne by 56,000.0% in the 1st quarter. Optimum Investment Advisors now owns 5,610 shares of the company’s stock worth $131,000 after acquiring an additional 5,600 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of SentinelOne in the 4th quarter valued at about $143,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on S shares. DA Davidson increased their price objective on shares of SentinelOne from $17.00 to $18.50 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Wells Fargo & Company reduced their target price on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, July 12th. Guggenheim reissued a “buy” rating and issued a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. Finally, Scotiabank dropped their price target on shares of SentinelOne from $25.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.87.

SentinelOne Price Performance

Shares of NYSE:S traded up $0.34 during mid-day trading on Wednesday, reaching $22.89. 4,467,954 shares of the company were exchanged, compared to its average volume of 5,684,823. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -22.45 and a beta of 0.66. The firm’s 50-day simple moving average is $20.04 and its 200 day simple moving average is $22.93. SentinelOne, Inc. has a 1 year low of $13.87 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. During the same period in the prior year, the business earned ($0.35) EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. On average, research analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 99,502 shares of SentinelOne stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the completion of the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Ric Smith sold 99,502 shares of SentinelOne stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the sale, the insider now directly owns 639,834 shares in the company, valued at approximately $12,860,663.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $55,935.06. Following the sale, the chief financial officer now owns 532,380 shares in the company, valued at $11,318,398.80. The disclosure for this sale can be found here. In the last three months, insiders sold 639,582 shares of company stock valued at $12,655,659. Insiders own 5.60% of the company’s stock.

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.