SentinelOne, Inc. (NYSE:S) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in SentinelOne, Inc. (NYSE:S) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,800 shares of the company’s stock after selling 78,103 shares during the period. Two Sigma Investments LP’s holdings in SentinelOne were worth $1,838,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of S. Guggenheim Capital LLC grew its stake in SentinelOne by 1.4% in the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after acquiring an additional 478 shares during the period. Smartleaf Asset Management LLC lifted its holdings in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock valued at $365,000 after purchasing an additional 724 shares during the period. Legato Capital Management LLC grew its position in shares of SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after purchasing an additional 1,022 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of SentinelOne by 48.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock worth $73,000 after purchasing an additional 1,067 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

Shares of S opened at $17.24 on Tuesday. The company’s 50-day simple moving average is $18.45 and its 200-day simple moving average is $21.43. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The stock has a market capitalization of $5.68 billion, a PE ratio of -18.34 and a beta of 0.81.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on S. Bank of America reiterated a “neutral” rating and set a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. Needham & Company LLC dropped their target price on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Morgan Stanley decreased their price target on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group lowered their price target on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Roth Mkm started coverage on shares of SentinelOne in a research note on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price objective for the company. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.77.

Insider Transactions at SentinelOne

In other news, CFO Barbara A. Larson sold 10,172 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the sale, the chief financial officer now directly owns 473,223 shares of the company’s stock, valued at approximately $9,355,618.71. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 81,619 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total value of $1,598,916.21. Following the transaction, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. This represents a 8.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 417,914 shares of company stock valued at $7,830,519. Insiders own 4.33% of the company’s stock.

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.