SentinelOne, Inc. (NYSE:S) Shares Bought by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of SentinelOne, Inc. (NYSE:S) by 130.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 230,000 shares of the company’s stock after purchasing an additional 130,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.07% of SentinelOne worth $5,106,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Waldron Private Wealth LLC acquired a new stake in SentinelOne during the third quarter valued at $26,000. Modus Advisors LLC acquired a new stake in shares of SentinelOne during the 4th quarter valued at about $48,000. Capital Performance Advisors LLP purchased a new position in shares of SentinelOne in the 3rd quarter valued at about $55,000. Blue Trust Inc. raised its holdings in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,223 shares during the period. Finally, Huntington National Bank boosted its position in SentinelOne by 287.9% during the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,765 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Up 0.1 %

NYSE:S opened at $23.15 on Friday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The company has a 50 day moving average price of $24.19 and a 200 day moving average price of $24.00.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, Sanford C. Bernstein cut their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25. Following the completion of the transaction, the chief executive officer now directly owns 1,029,332 shares of the company’s stock, valued at approximately $27,019,965. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 41,170 shares of SentinelOne stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 343,552 shares of company stock valued at $8,374,670 in the last ninety days. Company insiders own 5.60% of the company’s stock.

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.