Covestor Ltd Acquires 2,831 Shares of SentinelOne, Inc. (NYSE:S)

Covestor Ltd raised its stake in SentinelOne, Inc. (NYSE:S) by 649.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,267 shares of the company’s stock after purchasing an additional 2,831 shares during the period. Covestor Ltd’s holdings in SentinelOne were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of S. Vanguard Group Inc. raised its stake in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. Eminence Capital LP raised its position in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares in the last quarter. Sylebra Capital LLC boosted its stake in shares of SentinelOne by 10.5% in the second quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after buying an additional 643,097 shares during the period. Dimensional Fund Advisors LP grew its position in SentinelOne by 19.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock worth $77,299,000 after buying an additional 590,628 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in SentinelOne by 0.8% during the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock worth $55,374,000 after acquiring an additional 20,600 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the sale, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction on Friday, September 6th. The shares were 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,125 shares of company stock valued at $10,367,734. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

NYSE:S opened at $27.68 on Thursday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The company has a 50 day simple moving average of $24.95 and a two-hundred day simple moving average of $22.48. The company has a market capitalization of $8.78 billion, a PE ratio of -29.76 and a beta of 0.65.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on S shares. Loop Capital boosted their price target on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company boosted their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their target price on SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Needham & Company LLC assumed coverage on shares of SentinelOne in a research note on Thursday, October 17th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Barclays lifted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $28.73.

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.