Zweig DiMenna Associates LLC Makes New Investment in SentinelOne, Inc. (NYSE:S)

Zweig DiMenna Associates LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 160,000 shares of the company’s stock, valued at approximately $3,827,000. Zweig DiMenna Associates LLC owned 0.05% of SentinelOne as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of SentinelOne in the 2nd quarter valued at approximately $36,237,000. Vanguard Group Inc. grew its stake in shares of SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after purchasing an additional 1,694,407 shares during the last quarter. Eminence Capital LP grew its stake in shares of SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. AXA S.A. purchased a new position in shares of SentinelOne in the 2nd quarter valued at approximately $20,082,000. Finally, Sylebra Capital LLC grew its stake in shares of SentinelOne by 15.9% in the 1st quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock valued at $142,724,000 after purchasing an additional 838,818 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on S shares. JMP Securities reiterated a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price target on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Morgan Stanley lifted their price target on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, Citigroup lifted their price objective on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Trading Up 2.7 %

SentinelOne stock opened at $25.97 on Friday. The firm has a market capitalization of $8.24 billion, a P/E ratio of -27.92 and a beta of 0.67. The stock has a fifty day moving average price of $24.21 and a 200 day moving average price of $21.95. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last released its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) earnings per share. As a group, equities analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $26,299,274.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Ric Smith sold 3,135 shares of the firm’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 $64,455.60. Following the sale, the insider now directly owns 636,699 shares in the company, valued at approximately $13,090,531.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 475,267 shares of company stock worth $10,691,681. 5.60% of the stock is currently 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.