Lazard Asset Management LLC Makes New Investment in SentinelOne, Inc. (NYSE:S)

Lazard Asset Management LLC bought a new position in SentinelOne, Inc. (NYSE:SGet Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,000 shares of the company’s stock, valued at approximately $252,000.

A number of other large investors have also modified their holdings of the business. Victory Capital Management Inc. raised its position in SentinelOne by 2.6% in the 4th quarter. Victory Capital Management Inc. now owns 16,332 shares of the company’s stock worth $825,000 after buying an additional 409 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of SentinelOne by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 10,714 shares of the company’s stock valued at $541,000 after purchasing an additional 485 shares during the last quarter. Corsicana & Co. purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $25,000. Evoke Wealth LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $29,000. Finally, Renaissance Capital LLC increased its position in shares of SentinelOne by 4.8% during the 4th quarter. Renaissance Capital LLC now owns 16,118 shares of the company’s stock valued at $814,000 after purchasing an additional 742 shares during the last quarter. 69.51% of the stock is owned by institutional investors and hedge funds.

S stock opened at $24.05 on Friday. The stock has a fifty day simple moving average of $34.56. SentinelOne, Inc. has a twelve month low of $18.64 and a twelve month high of $78.53.

SentinelOne (NYSE:SGet Rating) last released its earnings results on Tuesday, March 15th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. SentinelOne had a negative return on equity of 22.36% and a negative net margin of 132.37%. The business had revenue of $65.60 million for the quarter, compared to analyst estimates of $60.69 million. During the same quarter last year, the firm posted ($1.00) earnings per share. The business’s revenue was up 119.4% compared to the same quarter last year. As a group, sell-side analysts expect that SentinelOne, Inc. will post -1.14 EPS for the current year.

A number of brokerages recently issued reports on S. Wells Fargo & Company cut their price objective on SentinelOne from $60.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, March 16th. Loop Capital cut their price objective on SentinelOne from $65.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Cowen cut their price objective on SentinelOne from $77.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. Citigroup began coverage on SentinelOne in a research note on Monday, January 24th. They set a “neutral” rating and a $42.00 price objective for the company. Finally, Bank of America cut their price objective on SentinelOne from $67.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Buy” and a consensus price target of $46.69.

In related news, CTO Ric Smith sold 2,235 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $28.61, for a total transaction of $63,943.35. Following the sale, the chief technology officer now owns 96,214 shares of the company’s stock, valued at $2,752,682.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 10,131 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.61, for a total value of $289,847.91. Following the sale, the chief executive officer now directly owns 309,163 shares in the company, valued at approximately $8,845,153.43. The disclosure for this sale can be found here. Insiders have sold a total of 1,576,545 shares of company stock worth $55,009,239 in the last three months. Corporate insiders own 0.39% of the company’s stock.

SentinelOne Profile (Get Rating)

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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Institutional Ownership by Quarter for SentinelOne (NYSE:S)

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