Tidal Investments LLC Reduces Stake in SentinelOne, Inc. (NYSE:S)

Tidal Investments LLC lowered its stake in SentinelOne, Inc. (NYSE:S) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 217,105 shares of the company’s stock after selling 38,595 shares during the quarter. Tidal Investments LLC owned approximately 0.07% of SentinelOne worth $5,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new stake in SentinelOne during the third quarter valued at $26,000. Blue Trust Inc. purchased a new stake in SentinelOne in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the last quarter. Unique Wealth Strategies LLC purchased a new position in SentinelOne in the 2nd quarter worth approximately $49,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of SentinelOne during the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Susquehanna raised their price target on SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. BTIG Research boosted their target price on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Barclays reduced their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Guggenheim restated a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average price target of $29.42.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the transaction, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock valued at $10,373,693 in the last three months. 5.60% of the stock is currently owned by company insiders.

SentinelOne Stock Performance

SentinelOne stock opened at $23.91 on Friday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of -25.44 and a beta of 0.67. The stock’s 50 day simple moving average is $26.36 and its two-hundred day simple moving average is $23.22.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.21) earnings per share. On average, analysts predict that SentinelOne, Inc. will post -0.75 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.