Sycomore Asset Management Grows Position in SentinelOne, Inc. (NYSE:S)

Sycomore Asset Management lifted its position in shares of SentinelOne, Inc. (NYSE:S) by 315.3% in the fourth quarter, Holdings Channel reports. The firm owned 207,688 shares of the company’s stock after purchasing an additional 157,676 shares during the period. Sycomore Asset Management’s holdings in SentinelOne were worth $4,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Waldron Private Wealth LLC acquired a new stake in shares of SentinelOne in the third quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in SentinelOne in the 4th quarter worth approximately $33,000. Modus Advisors LLC acquired a new stake in SentinelOne in the fourth quarter valued at approximately $48,000. Capital Performance Advisors LLP purchased a new stake in shares of SentinelOne during the third quarter valued at approximately $55,000. Finally, Blue Trust Inc. lifted its position in shares of SentinelOne by 105.9% during the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,223 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

S has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Barclays lowered their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Scotiabank boosted their price target on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $25.00 in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.56.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $56,066.95. Following the transaction, the insider now directly owns 529,118 shares of the company’s stock, valued at $12,672,376.10. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the sale, the chief executive officer now owns 959,682 shares of the company’s stock, valued at approximately $22,658,092.02. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 286,699 shares of company stock valued at $6,712,815. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 0.4 %

Shares of SentinelOne stock opened at $23.93 on Monday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The stock’s fifty day moving average is $23.41 and its 200-day moving average is $24.20.

SentinelOne (NYSE:S) last released its 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). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period last year, the business earned ($0.21) earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

SentinelOne 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.