Pursue Wealth Partners LLC Makes New $205,000 Investment in SentinelOne, Inc. (NYSE:S)

Pursue Wealth Partners LLC bought a new position in shares of SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,486 shares of the company’s stock, valued at approximately $205,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of SentinelOne by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock worth $387,480,000 after buying an additional 442,593 shares during the last quarter. Caprock Group LLC boosted its stake in shares of SentinelOne by 96.5% during the 4th quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock worth $5,320,000 after buying an additional 95,206 shares during the last quarter. Legato Capital Management LLC boosted its stake in shares of SentinelOne by 79.7% during the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock worth $768,000 after buying an additional 12,407 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of SentinelOne by 29.1% during the 3rd quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock worth $5,563,000 after buying an additional 74,378 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in SentinelOne by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,554,020 shares of the company’s stock valued at $26,201,000 after purchasing an additional 74,118 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. The Goldman Sachs Group raised their target price on shares of SentinelOne from $19.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Guggenheim raised their target price on shares of SentinelOne from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. BTIG Research upgraded shares of SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, January 22nd. Finally, Wells Fargo & Company raised their target price on shares of SentinelOne from $22.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.08.

SentinelOne Stock Up 1.7 %

Shares of S traded up $0.36 during mid-day trading on Friday, hitting $21.56. 1,988,678 shares of the company’s stock were exchanged, compared to its average volume of 3,732,040. The stock’s 50-day simple moving average is $24.06 and its 200-day simple moving average is $22.90. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of -18.59 and a beta of 0.66. SentinelOne, Inc. has a 52 week low of $12.43 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $174.18 million for the quarter, compared to analysts’ expectations of $169.40 million. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. Analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 4,001 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the sale, the chief accounting officer now owns 203,196 shares of the company’s stock, valued at $5,537,091. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other SentinelOne news, CAO Robin Tomasello sold 4,001 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the sale, the chief accounting officer now owns 203,196 shares of the company’s stock, valued at $5,537,091. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 47,365 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the sale, the chief executive officer now directly owns 1,285,122 shares in the company, valued at approximately $28,632,518.16. The disclosure for this sale can be found here. Insiders have sold 296,833 shares of company stock valued at $7,717,085 over the last three months. 5.93% of the stock is owned by insiders.

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.