Oppenheimer & Co. Inc. Acquires 117,745 Shares of SentinelOne, Inc. $S

Oppenheimer & Co. Inc. increased its holdings in SentinelOne, Inc. (NYSE:S) by 136.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,021 shares of the company’s stock after purchasing an additional 117,745 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SentinelOne were worth $3,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in S. Norges Bank bought a new position in shares of SentinelOne during the second quarter valued at about $65,371,000. AQR Capital Management LLC boosted its holdings in SentinelOne by 92.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock valued at $77,264,000 after acquiring an additional 2,051,980 shares during the period. First Trust Advisors LP boosted its holdings in SentinelOne by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after acquiring an additional 1,589,845 shares during the period. Eminence Capital LP grew its position in SentinelOne by 24.9% during the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock worth $129,209,000 after acquiring an additional 1,407,764 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in SentinelOne by 76.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,649,092 shares of the company’s stock worth $48,417,000 after purchasing an additional 1,149,309 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Price Performance

NYSE:S opened at $13.60 on Thursday. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -10.88 and a beta of 0.77. SentinelOne, Inc. has a one year low of $12.43 and a one year high of $25.24. The business has a fifty day moving average price of $14.54 and a 200-day moving average price of $16.38.

SentinelOne (NYSE:S) last released its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company had revenue of $258.91 million for the quarter, compared to the consensus estimate of $256.19 million. During the same period in the previous year, the business earned ($0.25) earnings per share. SentinelOne’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the completion of the transaction, the chief executive officer directly owned 1,093,108 shares in the company, valued at approximately $16,494,999.72. The trade was a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the sale, the chief accounting officer directly owned 285,551 shares of the company’s stock, valued at $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 292,222 shares of company stock worth $4,317,590. 4.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Canaccord Genuity Group dropped their price objective on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 5th. DA Davidson dropped their target price on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Berenberg Bank started coverage on SentinelOne in a report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price objective for the company. Morgan Stanley reduced their price target on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Finally, Barclays decreased their target price on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $21.72.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.