SentinelOne, Inc. (NYSE:S) Shares Sold by Sycomore Asset Management

Sycomore Asset Management lowered its stake in shares of SentinelOne, Inc. (NYSE:S) by 82.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,012 shares of the company’s stock after selling 238,848 shares during the quarter. Sycomore Asset Management’s holdings in SentinelOne were worth $1,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of SentinelOne by 287.9% in the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after buying an additional 1,765 shares in the last quarter. KBC Group NV raised its stake in shares of SentinelOne by 778.0% in the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after buying an additional 58,000 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of SentinelOne in the 3rd quarter worth $225,000. Chase Investment Counsel Corp bought a new stake in shares of SentinelOne in the 3rd quarter worth $248,000. Finally, Rakuten Securities Inc. raised its stake in shares of SentinelOne by 93.0% in the 3rd quarter. Rakuten Securities Inc. now owns 35,462 shares of the company’s stock worth $848,000 after buying an additional 17,092 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now directly owns 636,699 shares in the company, valued at $14,637,710.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the transaction, the chief accounting officer now directly owns 193,542 shares in the company, valued at approximately $4,412,757.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,584 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the sale, the insider now directly owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research report on Wednesday, August 28th. Needham & Company LLC assumed coverage on SentinelOne in a research report on Thursday, October 17th. They set a “buy” rating and a $32.00 price target on the stock. Wells Fargo & Company boosted their target price on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the company from $25.00 to $32.00 in a research note on Tuesday. Finally, Sanford C. Bernstein lowered their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $28.73.

SentinelOne Price Performance

NYSE S traded down $0.06 on Thursday, reaching $27.62. The company had a trading volume of 1,156,061 shares, compared to its average volume of 5,196,495. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of -29.76 and a beta of 0.65. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The business has a 50 day moving average of $24.95 and a two-hundred day moving average of $22.48.

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

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.