Legato Capital Management LLC Acquires 1,022 Shares of SentinelOne, Inc. (NYSE:S)

Legato Capital Management LLC raised its stake in SentinelOne, Inc. (NYSE:S) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,682 shares of the company’s stock after acquiring an additional 1,022 shares during the quarter. Legato Capital Management LLC’s holdings in SentinelOne were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in S. Sylebra Capital LLC increased its position in 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 period. State Street Corp lifted its holdings in SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after buying an additional 516,244 shares during the period. Geode Capital Management LLC lifted its holdings in SentinelOne by 8.6% in the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after buying an additional 355,944 shares during the period. Atreides Management LP lifted its holdings in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares during the period. Finally, Champlain Investment Partners LLC bought a new stake in shares of SentinelOne during the 3rd quarter valued at $80,604,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of S stock opened at $24.81 on Friday. The company has a 50-day simple moving average of $23.17 and a 200 day simple moving average of $24.24. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of -26.39 and a beta of 0.75. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.36.

SentinelOne (NYSE:S) last announced its 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 firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.21) EPS. Sell-side analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 2,341 shares of the business’s stock in a transaction dated 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 owns 529,118 shares of the company’s stock, valued at $12,672,376.10. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,782,850.68. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 357,341 shares of company stock worth $8,423,765 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 price objective on shares of SentinelOne in a research note on Monday, December 2nd. Susquehanna raised their target price on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Oppenheimer assumed coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target on the stock. Robert W. Baird increased their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of SentinelOne in a research note 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 stock presently has an average rating of “Moderate Buy” and an average price target of $29.56.

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.