Renaissance Technologies LLC Grows Stock Holdings in SentinelOne, Inc. (NYSE:S)

Renaissance Technologies LLC grew its position in shares of SentinelOne, Inc. (NYSE:S) by 116.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 728,600 shares of the company’s stock after purchasing an additional 392,000 shares during the period. Renaissance Technologies LLC owned approximately 0.23% of SentinelOne worth $15,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in S. Blue Trust Inc. purchased a new position in shares of SentinelOne during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its position in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of SentinelOne during the 4th quarter valued at $30,000. Sugarloaf Wealth Management LLC grew its position in shares of SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in shares of SentinelOne during the 2nd quarter valued at $49,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on S shares. Loop Capital boosted their price target on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. DA Davidson lifted their price objective on shares of SentinelOne from $18.50 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. BTIG Research lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Canaccord Genuity Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.83.

SentinelOne Trading Down 2.8 %

S stock opened at $24.40 on Friday. The firm’s 50-day moving average price is $22.85 and its two-hundred day moving average price is $21.79. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of -23.92 and a beta of 0.67.

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

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 99,502 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 639,834 shares in the company, valued at $12,860,663.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other SentinelOne news, insider Ric Smith sold 99,502 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the sale, the insider now owns 639,834 shares in the company, valued at $12,860,663.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the sale, the chief financial officer now owns 504,085 shares in the company, valued at approximately $10,363,987.60. The disclosure for this sale can be found here. Insiders have sold 574,769 shares of company stock worth $12,295,560 over the last 90 days. 5.60% of the stock is owned by company insiders.

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.