172,598 Shares in SentinelOne, Inc. (NYSE:S) Purchased by PDT Partners LLC

PDT Partners LLC purchased a new stake in SentinelOne, Inc. (NYSE:S) in the third quarter, Holdings Channel.com reports. The firm purchased 172,598 shares of the company’s stock, valued at approximately $4,129,000.

A number of other hedge funds have also recently bought and sold shares of S. Waldron Private Wealth LLC acquired a new position in shares of SentinelOne in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. bought a new stake in shares of SentinelOne in the second quarter worth $27,000. Allspring Global Investments Holdings LLC increased its stake in shares of SentinelOne by 49.1% in 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 during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in SentinelOne during the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their price objective on SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, October 18th. DA Davidson upped their price objective on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Scotiabank lifted their target price on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company boosted their price target on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.96.

SentinelOne Price Performance

S opened at $27.95 on Friday. The stock’s 50 day moving average price is $25.96 and its 200 day moving average price is $22.95. The stock has a market cap of $8.87 billion, a P/E ratio of -30.05 and a beta of 0.65. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The company had revenue of $198.94 million for 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 company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company earned ($0.26) earnings per share. Equities analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the transaction, the chief financial officer now directly owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 432,125 shares of company stock worth $10,367,734 in the last 90 days. 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.