SentinelOne, Inc. (NYSE:S) Major Shareholder Daniel S. Loeb Sells 1,008,296 Shares

SentinelOne, Inc. (NYSE:S – Get Rating) major shareholder Daniel S. Loeb sold 1,008,296 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $34.35, for a total transaction of $34,634,967.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

NYSE S traded up $0.03 during trading hours on Monday, reaching $34.05. The company had a trading volume of 5,113,967 shares, compared to its average volume of 4,730,943. The firm has a 50-day moving average price of $39.55. SentinelOne, Inc. has a 1-year low of $29.30 and a 1-year high of $78.53.

SentinelOne (NYSE:S – Get Rating) last released its earnings results on Tuesday, March 15th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.01. The company had revenue of $65.60 million during the quarter, compared to the consensus estimate of $60.69 million. SentinelOne had a negative return on equity of 22.36% and a negative net margin of 132.37%. SentinelOne’s quarterly revenue was up 119.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.00) earnings per share. On average, equities research analysts anticipate that SentinelOne, Inc. will post -1.14 EPS for the current fiscal year.

Several research analysts have commented on S shares. StockNews.com upgraded shares of SentinelOne to a “sell” rating in a report on Thursday, March 3rd. Wells Fargo & Company reduced their target price on shares of SentinelOne from $60.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 16th. Zacks Investment Research downgraded shares of SentinelOne from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd. UBS Group cut their price target on shares of SentinelOne from $75.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Finally, Needham & Company LLC lowered their price target on shares of SentinelOne from $82.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, SentinelOne has an average rating of “Buy” and a consensus target price of $47.13.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its holdings in shares of SentinelOne by 27.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,298 shares of the company’s stock valued at $65,000 after acquiring an additional 283 shares during the last quarter. Victory Capital Management Inc. raised its position in SentinelOne by 2.6% during the fourth quarter. Victory Capital Management Inc. now owns 16,332 shares of the company’s stock valued at $825,000 after buying an additional 409 shares during the period. CIBC Asset Management Inc raised its position in SentinelOne by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 10,714 shares of the company’s stock valued at $541,000 after buying an additional 485 shares during the period. Corsicana & Co. acquired a new position in SentinelOne in the 4th quarter worth about $25,000. Finally, Evoke Wealth LLC acquired a new position in SentinelOne in the 4th quarter worth about $29,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne (Get Rating)

SentinelOne, Inc operates as a cybersecurity provider in the United States. Its Singularity Platform delivers artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, and cloud workloads, enabling seamless and automatic protection against a spectrum of cyber threats.

See Also