Thematics Asset Management Invests $22.96 Million in SentinelOne, Inc. (NYSE:S)

Thematics Asset Management purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 960,000 shares of the company’s stock, valued at approximately $22,963,000. Thematics Asset Management owned approximately 0.30% of SentinelOne at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of SentinelOne by 19.3% during 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 last quarter. Archford Capital Strategies LLC grew its stake in SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after purchasing an additional 790 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after buying an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on S. Loop Capital boosted their target price on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Citigroup boosted their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Needham & Company LLC began coverage on shares of SentinelOne in a report on Thursday, October 17th. They issued a “buy” rating and a $32.00 target price on the stock. BTIG Research upped their target price on SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Wedbush raised SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.73.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the sale, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,125 shares of company stock valued at $10,367,734. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Down 0.2 %

Shares of NYSE:S traded down $0.05 during trading on Tuesday, reaching $27.83. 916,069 shares of the company traded hands, compared to its average volume of 5,121,471. The firm has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $22.82. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The firm has a market cap of $8.83 billion, a P/E ratio of -29.98 and a beta of 0.65.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The business 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 firm’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.26) EPS. As a group, research analysts anticipate 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.