Ceera Investments LLC Sells 6,735 Shares of SentinelOne, Inc. (NYSE:S)

Ceera Investments LLC decreased its holdings in SentinelOne, Inc. (NYSE:S) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,610 shares of the company’s stock after selling 6,735 shares during the quarter. Ceera Investments LLC’s holdings in SentinelOne were worth $2,629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CENTRAL TRUST Co acquired a new stake in shares of SentinelOne during the 1st quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the last quarter. Parallel Advisors LLC grew its holdings in SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock worth $35,000 after acquiring an additional 942 shares during the period. GAMMA Investing LLC raised its position in shares of SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock valued at $35,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the 4th quarter valued at $38,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of S stock opened at $18.43 on Friday. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of -13.96 and a beta of 0.77. SentinelOne, Inc. has a 52-week low of $15.36 and a 52-week high of $29.29. The company has a 50-day simple moving average of $18.61 and a two-hundred day simple moving average of $20.10.

SentinelOne (NYSE:S) last released its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The business had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, sell-side analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity

In other SentinelOne news, insider Keenan Michael Conder sold 11,097 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the sale, the insider owned 596,332 shares of the company’s stock, valued at approximately $10,900,948.96. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ric Smith sold 27,481 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $502,352.68. Following the sale, the insider directly owned 1,030,544 shares in the company, valued at $18,838,344.32. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,347 shares of company stock valued at $3,464,807 in the last ninety days. 4.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Scotiabank decreased their price objective on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. Roth Mkm began coverage on SentinelOne in a report on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price target for the company. Canaccord Genuity Group reduced their price target on SentinelOne from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Stephens restated an “overweight” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Tuesday, May 27th. Finally, Guggenheim restated a “buy” rating and issued a $28.00 price target on shares of SentinelOne in a research note on Wednesday, May 21st. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.83.

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.