Ieq Capital LLC Decreases Stake in SentinelOne, Inc. (NYSE:S)

Ieq Capital LLC lowered its position in SentinelOne, Inc. (NYSE:S) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,237,298 shares of the company’s stock after selling 19,889 shares during the period. Ieq Capital LLC’s holdings in SentinelOne were worth $26,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in SentinelOne by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock valued at $78,931,000 after purchasing an additional 409,454 shares in the last quarter. Andar Capital Management HK Ltd acquired a new stake in shares of SentinelOne in the 2nd quarter worth $4,736,000. Lord Abbett & CO. LLC increased its stake in shares of SentinelOne by 25.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock worth $43,006,000 after acquiring an additional 375,275 shares during the last quarter. Malaga Cove Capital LLC acquired a new stake in shares of SentinelOne in the 2nd quarter worth $679,000. Finally, Principal Financial Group Inc. increased its stake in shares of SentinelOne by 874.1% in the 1st quarter. Principal Financial Group Inc. now owns 157,273 shares of the company’s stock worth $3,666,000 after acquiring an additional 141,127 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

NYSE S opened at $25.09 on Friday. The stock has a 50-day moving average of $22.67 and a two-hundred day moving average of $21.81. The company has a market cap of $7.96 billion, a P/E ratio of -24.60 and a beta of 0.67. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) EPS. On average, analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David J. Bernhardt sold 11,222 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the sale, the chief financial officer now owns 477,781 shares in the company, valued at $10,224,513.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David J. Bernhardt sold 11,222 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. The disclosure for this sale can be found here. Insiders sold a total of 574,769 shares of company stock worth $12,295,560 over the last 90 days. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on S. Scotiabank raised their target price on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Morgan Stanley raised their target price on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Susquehanna raised their price objective on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. Finally, Baird R W raised SentinelOne to a “strong-buy” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and a consensus target price of $27.83.

SentinelOne Company 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.