9,395 Shares in SentinelOne, Inc. (NYSE:S) Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new stake in shares of SentinelOne, Inc. (NYSE:S) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,395 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NorthRock Partners LLC purchased a new stake in SentinelOne during the 3rd quarter valued at about $5,227,000. Sycomore Asset Management raised its holdings in SentinelOne by 40.4% in the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after acquiring an additional 83,060 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in SentinelOne during the 3rd quarter valued at $2,392,000. Eminence Capital LP raised its stake in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of SentinelOne by 37.1% during the third quarter. Frank Rimerman Advisors LLC now owns 262,968 shares of the company’s stock valued at $6,290,000 after purchasing an additional 71,208 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the sale, the insider now owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 432,125 shares of company stock worth $10,367,734 over the last three months. 5.60% of the stock is owned by corporate insiders.

SentinelOne Price Performance

Shares of S opened at $27.07 on Thursday. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of -29.11 and a beta of 0.65. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The company has a 50-day moving average of $25.44 and a 200 day moving average of $22.67.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. 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 prior year, the firm earned ($0.26) earnings per share. SentinelOne’s revenue was up 33.1% compared to the same quarter last year. On average, equities analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

S has been the subject of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. Loop Capital raised their target price on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. BTIG Research increased their price target on SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company lifted their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Citigroup upped their price objective on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.73.

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.