Caxton Associates LP Purchases Shares of 87,500 SentinelOne, Inc. (NYSE:S)

Caxton Associates LP purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 87,500 shares of the company’s stock, valued at approximately $2,040,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of SentinelOne in the fourth quarter valued at approximately $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of SentinelOne in the first quarter valued at approximately $80,000. Advisors Asset Management Inc. lifted its position in SentinelOne by 19.3% in the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after purchasing an additional 743 shares during the period. KBC Group NV bought a new position in SentinelOne in the fourth quarter worth $143,000. Finally, Optimum Investment Advisors lifted its position in SentinelOne by 56,000.0% in the first quarter. Optimum Investment Advisors now owns 5,610 shares of the company’s stock worth $131,000 after purchasing an additional 5,600 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Activity at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $86,880.60. Following the sale, the chief accounting officer now directly owns 198,174 shares in the company, valued at approximately $3,428,410.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Robin Tomasello sold 5,022 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $86,880.60. Following the completion of the transaction, the chief accounting officer now owns 198,174 shares in the company, valued at $3,428,410.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $15,061,692.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 639,582 shares of company stock worth $12,655,659. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on S. Guggenheim reaffirmed a “buy” rating and issued a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $28.00 to $23.00 in a research note on Tuesday, June 4th. DA Davidson boosted their target price on shares of SentinelOne from $17.00 to $18.50 and gave the company a “neutral” rating in a research note on Thursday, June 27th. BTIG Research reduced their target price on shares of SentinelOne from $30.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, Barclays reduced their target price on shares of SentinelOne from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.87.

SentinelOne Trading Down 1.6 %

Shares of NYSE:S traded down $0.37 during trading on Tuesday, hitting $22.24. 1,553,531 shares of the company’s stock were exchanged, compared to its average volume of 5,671,257. SentinelOne, Inc. has a 1-year low of $13.87 and a 1-year high of $30.76. The firm has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $22.95. The firm has a market cap of $6.96 billion, a P/E ratio of -22.16 and a beta of 0.66.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. During the same quarter in the prior year, the firm earned ($0.35) EPS. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. As a group, research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

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.