100,000 Shares in SentinelOne, Inc. (NYSE:S) Acquired by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of SentinelOne, Inc. (NYSE:S) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $2,392,000.

Several other hedge funds also recently made changes to their positions in S. Raymond James & Associates boosted its stake in shares of SentinelOne by 3.4% in the 3rd quarter. Raymond James & Associates now owns 318,798 shares of the company’s stock valued at $7,626,000 after purchasing an additional 10,572 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of SentinelOne by 105.9% during the third 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. Stonegate Investment Group LLC grew its stake in shares of SentinelOne by 29.0% in the third quarter. Stonegate Investment Group LLC now owns 64,514 shares of the company’s stock worth $1,543,000 after purchasing an additional 14,514 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of SentinelOne during the 3rd quarter worth approximately $204,000. Finally, Swedbank AB grew its position in shares of SentinelOne by 25.0% during the 3rd quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock worth $59,800,000 after buying an additional 500,000 shares during the period. 90.87% of the stock is owned by institutional investors.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total value of $1,539,859.20. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other SentinelOne news, insider Ric Smith sold 23,567 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $21.89, for a total transaction of $515,881.63. Following the completion of the sale, the insider now owns 585,647 shares in the company, valued at $12,819,812.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at $26,299,274.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 489,850 shares of company stock valued at $11,034,964. 5.60% of the stock is owned by corporate insiders.

SentinelOne Stock Performance

Shares of NYSE S traded down $0.62 during midday trading on Tuesday, hitting $26.02. 1,554,632 shares of the company’s stock traded hands, compared to its average volume of 5,349,950. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of -25.58 and a beta of 0.67. The firm has a fifty day moving average of $24.03 and a 200 day moving average of $21.88. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same period last year, the firm earned ($0.26) earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, equities analysts anticipate that SentinelOne, Inc. will post -0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

S has been the subject of a number of research reports. Guggenheim restated a “buy” rating and issued a $23.00 price target on shares of SentinelOne in a report on Tuesday, June 25th. Morgan Stanley boosted their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Baird R W upgraded SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Wells Fargo & Company lifted their price target on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, BTIG Research increased their price objective on SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.

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.