SentinelOne, Inc. (NYSE:S) Position Trimmed by Meitav Investment House Ltd.

Meitav Investment House Ltd. decreased its holdings in SentinelOne, Inc. (NYSE:S) by 97.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,286 shares of the company’s stock after selling 1,260,914 shares during the quarter. Meitav Investment House Ltd.’s holdings in SentinelOne were worth $675,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Champlain Investment Partners LLC acquired a new position in shares of SentinelOne in the third quarter worth about $80,604,000. Sylebra Capital LLC lifted its position in shares of SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. Atreides Management LP boosted its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of SentinelOne during the third quarter worth approximately $30,972,000. Finally, Wellington Management Group LLP purchased a new position in SentinelOne during the third quarter valued at approximately $27,000,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 5.2 %

S stock opened at $23.08 on Thursday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.49. The business’s 50-day moving average price is $23.18 and its two-hundred day moving average price is $24.30.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.21) EPS. As a group, analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity

In related news, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were 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 in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 357,341 shares of company stock worth $8,423,765 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of SentinelOne from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup cut their target price on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Company 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.