Andar Capital Management HK Ltd Buys Shares of 225,000 SentinelOne, Inc. (NYSE:S)

Andar Capital Management HK Ltd bought a new stake in SentinelOne, Inc. (NYSE:S) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 225,000 shares of the company’s stock, valued at approximately $4,736,000. SentinelOne comprises 6.6% of Andar Capital Management HK Ltd’s portfolio, making the stock its 5th largest position.

A number of other institutional investors also recently bought and sold shares of S. Renaissance Technologies LLC increased its position in SentinelOne by 116.5% in the second quarter. Renaissance Technologies LLC now owns 728,600 shares of the company’s stock worth $15,337,000 after buying an additional 392,000 shares in the last quarter. Total Clarity Wealth Management Inc. increased its position in SentinelOne by 14.0% in the second quarter. Total Clarity Wealth Management Inc. now owns 59,010 shares of the company’s stock worth $1,242,000 after buying an additional 7,250 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SentinelOne by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock worth $77,299,000 after buying an additional 590,628 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in SentinelOne in the second quarter worth about $36,237,000. Finally, Rathbones Group PLC increased its position in SentinelOne by 0.4% in the second quarter. Rathbones Group PLC now owns 288,667 shares of the company’s stock worth $6,076,000 after buying an additional 1,038 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Insider Activity

In other news, insider Ric Smith sold 99,502 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ric Smith sold 99,502 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the completion of the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the sale, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at $10,363,987.60. The disclosure for this sale can be found here. Insiders sold 574,769 shares of company stock valued at $12,295,560 in the last ninety days. Insiders own 5.60% of the company’s stock.

SentinelOne Price Performance

NYSE:S opened at $24.94 on Wednesday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -24.34 and a beta of 0.67. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The business has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $21.81.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the company earned ($0.26) EPS. As a group, analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Loop Capital upped their price target on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Guggenheim restated a “buy” rating and issued a $23.00 price target on shares of SentinelOne in a research report on Tuesday, June 25th. Sanford C. Bernstein reduced their price target on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. JMP Securities reiterated a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. Finally, DA Davidson increased their target price on SentinelOne from $18.50 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

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.