Carnegie Investment Counsel Invests $7.17 Million in SentinelOne, Inc. (NYSE:S)

Carnegie Investment Counsel purchased a new position in SentinelOne, Inc. (NYSE:S) in the fourth quarter, Holdings Channel reports. The fund purchased 322,840 shares of the company’s stock, valued at approximately $7,167,000.

A number of other hedge funds have also made changes to their positions in S. Sylebra Capital LLC raised its position in 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 acquiring an additional 2,282,980 shares in the last quarter. Eminence Capital LP raised its position in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after acquiring an additional 1,337,145 shares in the last quarter. State Street Corp raised its position in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after acquiring an additional 516,244 shares in the last quarter. Geode Capital Management LLC raised its position in SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after acquiring an additional 355,944 shares in the last quarter. Finally, Atreides Management LP raised its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Price Performance

S opened at $22.32 on Friday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm’s fifty day moving average price is $24.62 and its two-hundred day moving average price is $23.91. The company has a market capitalization of $7.17 billion, a P/E ratio of -23.75 and a beta of 0.74.

SentinelOne (NYSE:S) last issued 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 net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the prior year, the firm posted ($0.21) EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $26.28, for a total value of $383,241.24. Following the sale, the insider now owns 585,647 shares in the company, valued at approximately $15,390,803.16. The trade was a 2.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $266,831.25. Following the completion of the transaction, the chief executive officer now directly owns 1,029,332 shares of the company’s stock, valued at $27,019,965. This represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 358,135 shares of company stock worth $8,757,911. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price objective for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Oppenheimer started coverage on shares of SentinelOne in a research report on Wednesday. They issued an “outperform” rating and a $32.00 price target on the stock. UBS Group lowered shares of SentinelOne from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $25.00 in a research report on Wednesday. Finally, Susquehanna lifted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $29.56.

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.