Bullseye Asset Management LLC Purchases 1,000 Shares of SentinelOne, Inc. (NYSE:S)

Bullseye Asset Management LLC increased its position in shares of SentinelOne, Inc. (NYSE:S) by 1.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 67,100 shares of the company’s stock after buying an additional 1,000 shares during the period. Bullseye Asset Management LLC’s holdings in SentinelOne were worth $1,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eminence Capital LP lifted its stake in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares during the period. Sylebra Capital LLC lifted its position in shares of SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after acquiring an additional 643,097 shares during the period. State Street Corp boosted its stake in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares in the last quarter. Atreides Management LP grew its holdings in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in SentinelOne by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock valued at $77,299,000 after purchasing an additional 590,628 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

S opened at $24.67 on Tuesday. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76. The firm has a market capitalization of $7.82 billion, a P/E ratio of -26.24 and a beta of 0.67. The company has a fifty day moving average price of $26.32 and a 200-day moving average price of $23.19.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on S shares. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Wedbush raised SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Robert W. Baird boosted their price objective on SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $29.00 target price on shares of SentinelOne in a report on Monday, December 2nd. Finally, Scotiabank boosted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.42.

Insider Activity

In other news, insider Ric Smith sold 3,135 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the transaction, the insider now owns 582,512 shares in the company, valued at approximately $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 328,187 shares of company stock valued at $8,016,623. Corporate insiders own 5.60% of the company’s stock.

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.