Engineers Gate Manager LP Buys 268,751 Shares of SentinelOne, Inc. $S

Engineers Gate Manager LP increased its stake in shares of SentinelOne, Inc. (NYSE:S) by 431.2% in the second quarter, HoldingsChannel reports. The firm owned 331,082 shares of the company’s stock after buying an additional 268,751 shares during the period. Engineers Gate Manager LP’s holdings in SentinelOne were worth $5,618,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new position in SentinelOne in the second quarter valued at about $25,000. Allworth Financial LP lifted its position in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares during the last quarter. Danske Bank A S bought a new stake in shares of SentinelOne in the 3rd quarter valued at about $26,000. EFG International AG bought a new stake in shares of SentinelOne in the 4th quarter valued at about $41,000. Finally, Daiwa Securities Group Inc. grew its position in shares of SentinelOne by 25.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after buying an additional 692 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on S. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, August 28th. Wedbush initiated coverage on SentinelOne in a research note on Friday. They set an “outperform” rating and a $25.00 price objective for the company. Weiss Ratings upgraded shares of SentinelOne from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Scotiabank reissued an “outperform” rating on shares of SentinelOne in a research note on Friday, August 28th. Finally, Sanford C. Bernstein increased their target price on SentinelOne from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

SentinelOne Price Performance

NYSE S opened at $19.83 on Friday. The stock has a market capitalization of $6.90 billion, a P/E ratio of -19.64 and a beta of 0.77. The firm’s 50-day moving average is $20.09 and its two-hundred day moving average is $16.75. SentinelOne, Inc. has a 12 month low of $11.81 and a 12 month high of $23.95.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $291.98 million during the quarter, compared to analysts’ expectations of $290.24 million. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The company’s revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) earnings per share. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, analysts anticipate that SentinelOne, Inc. will post -0.45 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 38,759 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $19.79, for a total transaction of $767,040.61. Following the sale, the chief executive officer directly owned 1,801,827 shares in the company, valued at $35,658,156.33. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Keenan Conder sold 8,312 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.79, for a total transaction of $164,494.48. Following the sale, the insider directly owned 948,046 shares in the company, valued at $18,761,830.34. This represents a 0.87% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 388,807 shares of company stock valued at $7,217,689. 4.27% of the stock is owned by company insiders.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.