SentinelOne, Inc. (NYSE:S) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in SentinelOne, Inc. (NYSE:S) by 12.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 252,095 shares of the company’s stock after selling 36,200 shares during the quarter. SentinelOne comprises approximately 0.8% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 21st biggest position. Stanley Laman Group Ltd.’s holdings in SentinelOne were worth $6,030,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Sycomore Asset Management grew its holdings in shares of SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after buying an additional 83,060 shares in the last quarter. Eminence Capital LP grew 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 purchasing an additional 1,337,145 shares in the last quarter. Andar Capital Management HK Ltd acquired a new stake in shares of SentinelOne in the second quarter valued at approximately $4,736,000. Hood River Capital Management LLC purchased a new position in SentinelOne during the second quarter worth approximately $4,060,000. Finally, Lord Abbett & CO. LLC boosted its stake in SentinelOne by 25.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock worth $43,006,000 after buying an additional 375,275 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Sanford C. Bernstein cut their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. BTIG Research lifted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price target for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, Susquehanna lifted their price target on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.60.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $26,299,274.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $26,299,274.10. This represents a 0.00 % 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, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 489,850 shares of company stock valued at $11,034,964 over the last quarter. Company insiders own 5.60% of the company’s stock.

SentinelOne Trading Down 2.9 %

S stock opened at $25.88 on Wednesday. The stock has a market cap of $8.10 billion, a P/E ratio of -25.37 and a beta of 0.67. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The company’s 50 day moving average is $24.10 and its two-hundred day moving average is $21.90.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same quarter last year, the company posted ($0.26) earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts predict that SentinelOne, Inc. will post -0.72 earnings per share for the current year.

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.