Sycomore Asset Management Purchases 83,060 Shares of SentinelOne, Inc. (NYSE:S)

Sycomore Asset Management grew its position in shares of SentinelOne, Inc. (NYSE:S) by 40.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,860 shares of the company’s stock after buying an additional 83,060 shares during the period. Sycomore Asset Management owned approximately 0.09% of SentinelOne worth $5,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of S. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of SentinelOne during the 4th quarter worth $30,000. Sugarloaf Wealth Management LLC increased its position in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new position in SentinelOne in the second quarter valued at about $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. BTIG Research boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Westpark Capital reissued a “buy” rating and set a $34.00 price target on shares of SentinelOne in a report on Monday, August 26th. DA Davidson lifted their target price on SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. Finally, Morgan Stanley lifted their price target on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $27.83.

SentinelOne Trading Down 0.7 %

S opened at $23.91 on Tuesday. The company has a fifty day moving average price of $23.15 and a two-hundred day moving average price of $21.64. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The company has a market cap of $7.48 billion, a P/E ratio of -23.44 and a beta of 0.67.

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

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the sale, the insider now owns 585,647 shares in the company, valued at $14,172,657.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total value of $352,908.60. Following the completion of the transaction, the insider now owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 589,352 shares of company stock worth $12,648,468. Insiders own 5.60% of the company’s stock.

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.