Ieq Capital LLC Raises Holdings in SentinelOne, Inc. (NYSE:S)

Ieq Capital LLC lifted its stake in SentinelOne, Inc. (NYSE:S) by 20.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,501,058 shares of the company’s stock after purchasing an additional 250,624 shares during the quarter. Ieq Capital LLC owned about 0.47% of SentinelOne worth $33,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Champlain Investment Partners LLC acquired a new stake in SentinelOne during the 3rd quarter worth about $80,604,000. Sylebra Capital LLC raised its stake in shares of SentinelOne by 33.7% in the third 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 during the last quarter. Atreides Management LP lifted its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Stephens Investment Management Group LLC purchased a new stake in SentinelOne in the third quarter valued at approximately $30,972,000. Finally, Wellington Management Group LLP purchased a new stake in SentinelOne in the third quarter valued at approximately $27,000,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Guggenheim restated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Barclays decreased their target price on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Cantor Fitzgerald assumed coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price target on the stock. Sanford C. Bernstein reduced their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Robert W. Baird upped their target price on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.48.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now owns 939,726 shares of the company’s stock, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the sale, the insider now directly owns 531,459 shares in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 357,341 shares of company stock worth $8,423,765 over the last 90 days. 5.60% of the stock is owned by insiders.

SentinelOne Price Performance

Shares of S stock opened at $23.08 on Thursday. The firm has a market cap of $7.42 billion, a PE ratio of -24.55 and a beta of 0.75. The company has a 50-day moving average of $23.18 and a two-hundred day moving average of $24.30. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.49.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate 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 business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the business posted ($0.21) EPS. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 EPS 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.