Pier 88 Investment Partners LLC Makes New Investment in SentinelOne, Inc. $S

Pier 88 Investment Partners LLC purchased a new stake in shares of SentinelOne, Inc. (NYSE:S) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,240 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Woodline Partners LP purchased a new stake in SentinelOne during the first quarter valued at $382,000. Focus Partners Wealth purchased a new stake in shares of SentinelOne during the 1st quarter valued at about $346,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SentinelOne by 36.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 32,169 shares of the company’s stock worth $594,000 after purchasing an additional 8,552 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of SentinelOne by 19.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 17,796 shares of the company’s stock worth $325,000 after purchasing an additional 2,935 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of SentinelOne by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 90,464 shares of the company’s stock worth $1,654,000 after buying an additional 3,359 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on S shares. Barclays decreased their price target on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price (down from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. Westpark Capital reissued a “buy” rating and set a $25.00 price target on shares of SentinelOne in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SentinelOne in a research note on Monday, December 29th. Finally, Bank of America cut their price objective on SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.90.

SentinelOne Price Performance

SentinelOne stock opened at $14.57 on Tuesday. SentinelOne, Inc. has a 1 year low of $13.46 and a 1 year high of $25.24. The firm’s 50 day moving average price is $15.09 and its 200-day moving average price is $16.76. The stock has a market cap of $4.95 billion, a P/E ratio of -11.66 and a beta of 0.77.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. SentinelOne’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the company posted ($0.25) earnings per share. As a group, equities analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 51,595 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.12, for a total transaction of $780,116.40. Following the sale, the chief executive officer directly owned 1,145,608 shares of the company’s stock, valued at $17,321,592.96. This represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barbara A. Larson sold 11,173 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total value of $165,583.86. Following the transaction, the chief financial officer owned 539,372 shares of the company’s stock, valued at $7,993,493.04. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is owned by insiders.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.