SentinelOne, Inc. (NYSE:S) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its stake in shares of SentinelOne, Inc. (NYSE:S) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,655 shares of the company’s stock after selling 24,889 shares during the quarter. SentinelOne accounts for approximately 1.4% of Stanley Laman Group Ltd.’s holdings, making the stock its 8th biggest position. Stanley Laman Group Ltd. owned approximately 0.11% of SentinelOne worth $9,155,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in SentinelOne by 2.0% in the third quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock worth $387,480,000 after acquiring an additional 442,593 shares in the last quarter. Caprock Group LLC raised its position in SentinelOne by 96.5% in the fourth quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock worth $5,320,000 after acquiring an additional 95,206 shares in the last quarter. Legato Capital Management LLC raised its position in SentinelOne by 79.7% in the fourth quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock worth $768,000 after acquiring an additional 12,407 shares in the last quarter. Stifel Financial Corp increased its position in shares of SentinelOne by 29.1% in the third quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock valued at $5,563,000 after buying an additional 74,378 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SentinelOne by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 1,554,020 shares of the company’s stock valued at $26,201,000 after buying an additional 74,118 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.10, for a total value of $197,874.60. Following the completion of the sale, the insider now owns 5,025 shares in the company, valued at approximately $116,077.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Robin Tomasello sold 4,001 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the completion of the transaction, the chief accounting officer now directly owns 203,196 shares in the company, valued at approximately $5,537,091. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the sale, the insider now owns 5,025 shares of the company’s stock, valued at $116,077.50. The disclosure for this sale can be found here. Insiders sold 296,833 shares of company stock worth $7,717,085 in the last quarter. Insiders own 5.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on S shares. Needham & Company LLC raised their price target on SentinelOne from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. Bank of America upgraded SentinelOne from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.50 to $35.00 in a research report on Wednesday, February 14th. StockNews.com upgraded SentinelOne to a “sell” rating in a research report on Friday, January 12th. Citigroup raised their price target on SentinelOne from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley lifted their price objective on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.08.

SentinelOne Trading Down 1.7 %

S stock traded down $0.37 during mid-day trading on Thursday, hitting $21.21. The stock had a trading volume of 2,308,880 shares, compared to its average volume of 5,826,848. SentinelOne, Inc. has a 1-year low of $12.43 and a 1-year high of $30.76. The company has a fifty day moving average of $24.40 and a 200 day moving average of $22.88. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of -18.08 and a beta of 0.66.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) EPS. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal 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.