Stephens Investment Management Group LLC Increases Stock Holdings in SentinelOne, Inc. (NYSE:S)

Stephens Investment Management Group LLC increased its stake in SentinelOne, Inc. (NYSE:S) by 37.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,777,810 shares of the company’s stock after buying an additional 482,995 shares during the quarter. Stephens Investment Management Group LLC owned about 0.55% of SentinelOne worth $39,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of S. Waldron Private Wealth LLC bought a new stake in shares of SentinelOne during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter worth about $33,000. Modus Advisors LLC bought a new stake in SentinelOne during the 4th quarter valued at about $48,000. Capital Performance Advisors LLP purchased a new stake in SentinelOne in the 3rd quarter valued at about $55,000. Finally, Blue Trust Inc. grew its stake in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,223 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Sanford C. Bernstein reduced their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Citigroup dropped their target price on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. DA Davidson increased their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. UBS Group downgraded shares of SentinelOne from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.56.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 2,341 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the transaction, the insider now directly owns 529,118 shares in the company, valued at approximately $12,672,376.10. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 357,354 shares of company stock valued at $8,665,013 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Price Performance

Shares of S stock opened at $23.93 on Friday. The company has a market cap of $7.69 billion, a price-to-earnings ratio of -25.45 and a beta of 0.75. The stock has a 50 day simple moving average of $23.41 and a 200-day simple moving average of $24.20. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) earnings per share. Analysts anticipate 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.