Pathway Capital Management LP Acquires Shares in SentinelOne, Inc.

Pathway Capital Management LP has taken a new position in SentinelOne, Inc. (NYSE:S) during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission. The firm acquired 374,387 shares of SentinelOne's stock, which is estimated to be valued at around $8,311,000. This investment represents approximately 8.3% of Pathway Capital Management LP's overall portfolio, making SentinelOne its third largest holding. According to the latest filing, Pathway Capital Management LP holds about 0.12% of the total shares of SentinelOne.

Institutional Investors in SentinelOne

Recently, several other institutional investors and hedge funds have also been active in buying and selling shares of SentinelOne. For instance, Avion Wealth has purchased a new stake in the company during the fourth quarter, valued at $28,000. Similarly, Crewe Advisors LLC and Arlington Trust Co LLC each acquired new stakes worth $33,000 within the same quarter. Modus Advisors LLC entered a new position valued at $48,000, while Capital Performance Advisors LLP bought shares at a value of $55,000 in the prior quarter. Overall, institutional investors and hedge funds collectively own around 90.87% of the total stock of SentinelOne.

Insider Share Transactions

In related insider news, Ric Smith, an insider at SentinelOne, sold 41,170 shares of the company on December 10th, at an average price of $23.98 per share. This transaction amounted to approximately $987,256.60. After this sale, Smith still retains 531,459 shares, valued at around $12,744,386.82, marking a 7.19% decrease in his position. Additionally, CEO Tomer Weingarten sold 60,864 shares on December 13th at an average price of $23.74, amounting to about $1,444,911.36 in total. Following this transaction, Weingarten directly owns 959,682 shares of the company, valued at approximately $22,782,850.68, resulting in a 5.96% reduction in his stock ownership. Insiders have sold a total of 371,925 shares worth around $8,729,445 in the last quarter, with company insiders currently holding 5.60% of the stock.

Analyst Ratings and Stock Performance

Several analysts have provided insights into the future of SentinelOne. Guggenheim maintained a "buy" rating with a price target of $31.00 as of December 5th. Similarly, Needham & Company LLC also affirmed a "buy" rating, setting a price target of $32.00. Deutsche Bank raised its rating from "hold" to "buy" and adjusted its price target from $25.00 to $32.00. Oppenheimer initiated coverage of SentinelOne with an "outperform" rating and a target price of $32.00. Conversely, Citigroup has lowered its price target for SentinelOne from $28.00 to $27.00 while maintaining a "neutral" rating. In total, seven analysts have rated the stock as holding, nineteen have given it a buy rating, and two labeled it as a strong buy. According to MarketBeat.com, SentinelOne holds an average rating of "Moderate Buy" with an average target price of $29.48.

SentinelOne Share Price Analysis

As of Friday, SentinelOne's stock opened at $20.63. The company boasts a market capitalization of approximately $6.63 billion, with a price-to-earnings ratio of -21.94 and a beta of 0.75. It has a 50-day moving average of $22.95 and a 200-day moving average of $24.30. Over the past twelve months, SentinelOne's stock has experienced a low of $14.33 and a high of $29.29. The company's latest quarterly earnings report, released on December 4th, showed an EPS of ($0.21), missing out on the consensus estimate of $0.01 by $0.22. The company recorded a negative net margin of 37.61% and a negative return on equity of 15.80%, generating revenues of $210.60 million, which was slightly above analysts' expectations of $209.73 million. Last year during the same quarter, the company reported an EPS of ($0.21). Analysts expect SentinelOne, Inc. to report -0.76 earnings per share for the current year.

About SentinelOne

SentinelOne, Inc. operates as a cybersecurity firm both domestically and internationally. Its Singularity Platform provides artificial intelligence-driven autonomous threat prevention, detection, and response capabilities across various organizational endpoints, cloud workloads, and identity credentials, enabling organizations to seamlessly protect against a wide range of cyber threats.

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