NINE MASTS CAPITAL Ltd Takes Position in SentinelOne, Inc. (NYSE:S)

NINE MASTS CAPITAL Ltd purchased a new position in shares of SentinelOne, Inc. (NYSE:S) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,500 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of S. Blue Trust Inc. acquired a new position in SentinelOne during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC boosted its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in SentinelOne during the fourth quarter worth $30,000. Sugarloaf Wealth Management LLC raised its position in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in SentinelOne in the second quarter worth $49,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 23,567 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the transaction, the insider now directly owns 585,647 shares in the company, valued at approximately $12,819,812.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Ric Smith sold 23,567 shares of SentinelOne 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 transaction, the insider now owns 585,647 shares of the company’s stock, valued at approximately $12,819,812.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $20.54, for a total transaction of $1,250,146.56. Following the completion of the transaction, the chief executive officer now directly owns 1,119,312 shares of the company’s stock, valued at approximately $22,990,668.48. The disclosure for this sale can be found here. Insiders sold a total of 481,431 shares of company stock worth $10,281,703 over the last 90 days. 5.60% of the stock is owned by insiders.

SentinelOne Stock Up 1.2 %

SentinelOne stock opened at $21.91 on Thursday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The stock has a 50-day simple moving average of $22.34 and a 200 day simple moving average of $21.98. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of -21.48 and a beta of 0.67.

SentinelOne (NYSE:S) last announced its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) earnings per share. As a group, sell-side analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. UBS Group cut their price target on SentinelOne from $29.00 to $27.00 and set a “buy” rating for the company in a report on Friday, May 31st. Morgan Stanley increased their price target on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $33.00 price objective on shares of SentinelOne in a research report on Wednesday, August 28th. Finally, Barclays upped their target price on SentinelOne from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.96.

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.