Caprock Group LLC Lowers Holdings in SentinelOne, Inc. (NYSE:S)

Caprock Group LLC trimmed its holdings in SentinelOne, Inc. (NYSE:S) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 297,349 shares of the company’s stock after selling 17,522 shares during the quarter. Caprock Group LLC’s holdings in SentinelOne were worth $6,601,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in S. Champlain Investment Partners LLC bought a new position in shares of SentinelOne during the third quarter worth $80,604,000. Sylebra Capital LLC lifted its stake in SentinelOne by 33.7% in the 3rd 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 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of SentinelOne during the third quarter valued at about $30,972,000. Finally, Wellington Management Group LLP purchased a new stake in shares of SentinelOne in the third quarter worth about $27,000,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $266,831.25. Following the completion of the sale, the chief executive officer now owns 1,029,332 shares of the company’s stock, valued at approximately $27,019,965. This represents a 0.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the transaction, the insider now directly owns 582,512 shares in the company, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,135 shares of company stock worth $8,714,308. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a $30.00 price target on shares of SentinelOne in a report on Friday, October 18th. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Westpark Capital restated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research report on Tuesday, December 3rd. Citigroup lowered their price objective on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, Cantor Fitzgerald initiated coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.56.

SentinelOne Trading Down 0.6 %

Shares of S opened at $23.97 on Friday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The company has a 50-day moving average of $23.82 and a 200 day moving average of $24.12.

SentinelOne (NYSE:S) last announced 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 firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities research analysts predict that SentinelOne, Inc. will post -0.76 EPS 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.