Readystate Asset Management LP Takes $5.24 Million Position in SentinelOne, Inc. (NYSE:S)

Readystate Asset Management LP purchased a new stake in SentinelOne, Inc. (NYSE:S) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 190,900 shares of the company’s stock, valued at approximately $5,238,000. Readystate Asset Management LP owned approximately 0.06% of SentinelOne as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of SentinelOne in the first quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in SentinelOne during the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in SentinelOne during the third quarter worth about $32,000. BOK Financial Private Wealth Inc. purchased a new position in SentinelOne during the third quarter worth about $34,000. Finally, Montag A & Associates Inc. grew its position in SentinelOne by 143.0% during the third quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after buying an additional 1,200 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on S shares. Sanford C. Bernstein boosted their target price on SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Needham & Company LLC lifted their price target on SentinelOne from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Wedbush lifted their price target on SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Morgan Stanley lifted their price target on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company lifted their price target on SentinelOne from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.08.

SentinelOne Price Performance

Shares of SentinelOne stock traded down $0.26 during trading on Wednesday, reaching $20.63. 2,625,221 shares of the stock traded hands, compared to its average volume of 5,992,047. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of -17.78 and a beta of 0.66. The business has a fifty day simple moving average of $25.27 and a two-hundred day simple moving average of $22.73. SentinelOne, Inc. has a 52-week low of $12.43 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $174.18 million during the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm’s revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) earnings per share. On average, research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ric Smith sold 2,207 shares of SentinelOne stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $27.68, for a total transaction of $61,089.76. Following the completion of the sale, the insider now owns 455,374 shares of the company’s stock, valued at $12,604,752.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $27.68, for a total value of $72,826.08. Following the completion of the transaction, the chief financial officer now owns 347,153 shares of the company’s stock, valued at $9,609,195.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 2,207 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $27.68, for a total transaction of $61,089.76. Following the completion of the transaction, the insider now directly owns 455,374 shares of the company’s stock, valued at approximately $12,604,752.32. The disclosure for this sale can be found here. Insiders sold a total of 321,583 shares of company stock valued at $8,355,882 over the last 90 days. Insiders own 5.93% of the company’s stock.

SentinelOne 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.