Pathway Capital Management LP Buys Shares of 374,387 SentinelOne, Inc. (NYSE:S)

Pathway Capital Management LP bought a new stake in SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 374,387 shares of the company’s stock, valued at approximately $8,311,000. SentinelOne accounts for approximately 8.3% of Pathway Capital Management LP’s portfolio, making the stock its 3rd biggest holding. Pathway Capital Management LP owned 0.12% of SentinelOne as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avion Wealth acquired a new stake in SentinelOne in the fourth quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in SentinelOne in the fourth quarter valued at $33,000. Arlington Trust Co LLC acquired a new stake in SentinelOne in the fourth quarter valued at $33,000. Modus Advisors LLC acquired a new stake in SentinelOne in the fourth quarter valued at $48,000. Finally, Capital Performance Advisors LLP acquired a new stake in SentinelOne in the third quarter valued at $55,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the business’s 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 transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,782,850.68. This trade represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,925 shares of company stock worth $8,729,445. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on S. Guggenheim reaffirmed a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. Oppenheimer began coverage on SentinelOne in a research note on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target for the company. Finally, Citigroup cut their price target on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Price Performance

S opened at $20.63 on Friday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -21.94 and a beta of 0.75. The business has a 50-day moving average of $22.95 and a two-hundred day moving average of $24.30. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate 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 business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same quarter last year, the firm earned ($0.21) EPS. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

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.