Sylebra Capital LLC Has $216.45 Million Holdings in SentinelOne, Inc. (NYSE:S)

Sylebra Capital LLC lifted its holdings in SentinelOne, Inc. (NYSE:S) by 33.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,048,954 shares of the company’s stock after buying an additional 2,282,980 shares during the period. SentinelOne makes up about 7.2% of Sylebra Capital LLC’s investment portfolio, making the stock its 5th largest position. Sylebra Capital LLC’s holdings in SentinelOne were worth $216,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in S. Champlain Investment Partners LLC purchased a new stake in SentinelOne during the third quarter valued at approximately $80,604,000. Atreides Management LP increased its stake in shares of SentinelOne by 137.3% in the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA bought a new position in SentinelOne in the 2nd quarter worth $36,237,000. Eminence Capital LP lifted its position in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares in the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in SentinelOne during the third quarter valued at about $30,972,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson raised their price objective on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their target price 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. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research report on Wednesday, August 28th. Robert W. Baird raised their price objective on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Scotiabank lifted their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.42.

Insider Activity at SentinelOne

In other news, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the sale, the chief financial officer now owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. This represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,187 shares of company stock valued at $8,016,623. Insiders own 5.60% of the company’s stock.

SentinelOne Price Performance

Shares of S opened at $24.67 on Tuesday. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of -26.24 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’s 50 day simple moving average is $26.32 and its 200-day simple moving average is $23.19.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the company earned ($0.21) EPS. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

About SentinelOne

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.