Wealth Effects LLC Trims Stake in SentinelOne, Inc. (NYSE:S)

Wealth Effects LLC reduced its stake in SentinelOne, Inc. (NYSE:S) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,900 shares of the company’s stock after selling 3,350 shares during the period. Wealth Effects LLC’s holdings in SentinelOne were worth $1,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of S. Champlain Investment Partners LLC bought a new position in shares of SentinelOne in the 3rd quarter worth about $80,604,000. Sylebra Capital LLC lifted its holdings in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP boosted its position in shares of SentinelOne by 137.3% in the 3rd 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 in the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of SentinelOne in the 3rd quarter worth approximately $30,972,000. Finally, Wellington Management Group LLP bought a new position in SentinelOne during the 3rd quarter valued at approximately $27,000,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $23.28 on Tuesday. The stock’s 50-day simple moving average is $24.12 and its 200-day simple moving average is $24.08. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last released its earnings results 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 return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period last year, the firm posted ($0.21) EPS. SentinelOne’s quarterly revenue was up 28.3% compared to the same quarter last year. Research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $266,831.25. Following the completion of the transaction, the chief executive officer now owns 1,029,332 shares in the company, valued at $27,019,965. This trade represents a 0.98 % 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, insider Ric Smith sold 41,170 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company’s stock, 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 a total of 343,552 shares of company stock worth $8,374,670 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on S. Sanford C. Bernstein cut their target price on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. UBS Group cut shares of SentinelOne from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $25.00 in a report on Wednesday, January 15th. Finally, Oppenheimer assumed coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price target for the company. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.56.

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.