Hood River Capital Management LLC Takes $4.06 Million Position in SentinelOne, Inc. (NYSE:S)

Hood River Capital Management LLC purchased a new position in SentinelOne, Inc. (NYSE:S) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 192,892 shares of the company’s stock, valued at approximately $4,060,000. Hood River Capital Management LLC owned about 0.06% of SentinelOne at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in S. Blue Trust Inc. bought a new stake in shares of SentinelOne during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC raised its stake in 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 acquiring an additional 434 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in SentinelOne during the 4th quarter worth $30,000. Sugarloaf Wealth Management LLC grew its stake in shares of 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 purchasing an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of SentinelOne during the second quarter valued at $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 99,502 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at $12,860,663.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now directly owns 193,542 shares in the company, valued at approximately $4,412,757.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 99,502 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 639,834 shares in the company, valued at approximately $12,860,663.40. The disclosure for this sale can be found here. Insiders have sold a total of 574,769 shares of company stock valued at $12,295,560 in the last three months. Insiders own 5.60% of the company’s stock.

SentinelOne Trading Down 0.5 %

Shares of S stock opened at $24.29 on Tuesday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of -23.81 and a beta of 0.67. The stock’s fifty day simple moving average is $22.90 and its 200-day simple moving average is $21.73. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last issued its 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 during the quarter, compared to analyst estimates of $197.32 million. During the same quarter last year, the business posted ($0.26) EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, sell-side analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

S has been the subject of a number of recent analyst reports. Bank of America decreased their target price on shares of SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, May 31st. DA Davidson increased their price objective on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Needham & Company LLC boosted their target price on SentinelOne from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Sanford C. Bernstein decreased their price target on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Loop Capital lifted their price target on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

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.