Stanley Laman Group Ltd. Lowers Position in SentinelOne, Inc. (NYSE:S)

Stanley Laman Group Ltd. cut its stake in SentinelOne, Inc. (NYSE:S) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,095 shares of the company’s stock after selling 36,200 shares during the period. SentinelOne accounts for approximately 0.8% of Stanley Laman Group Ltd.’s portfolio, making the stock its 21st largest position. Stanley Laman Group Ltd. owned 0.08% of SentinelOne worth $6,030,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares during the period. Eminence Capital LP grew its position in SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares during the period. Sylebra Capital LLC grew its position in SentinelOne by 10.5% in the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock worth $142,424,000 after purchasing an additional 643,097 shares during the period. Dimensional Fund Advisors LP grew its position in SentinelOne by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock worth $77,299,000 after purchasing an additional 590,628 shares during the period. Finally, Clearbridge Investments LLC grew its position in SentinelOne by 0.8% in the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock worth $55,374,000 after purchasing an additional 20,600 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Trading Down 2.9 %

NYSE S opened at $25.88 on Wednesday. The stock has a market cap of $8.10 billion, a PE ratio of -25.37 and a beta of 0.67. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The company’s 50-day moving average price is $24.10 and its 200-day moving average price is $21.90.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The company’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. As a group, sell-side analysts forecast that SentinelOne, Inc. will post -0.72 earnings per share for the current year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the completion of the sale, the insider now directly owns 639,834 shares in the company, valued at approximately $15,061,692.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 completion of the sale, the chief financial officer now directly owns 504,085 shares in the company, valued at $10,363,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the sale, the insider now owns 639,834 shares of the company’s stock, valued at $15,061,692.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,850 shares of company stock worth $11,034,964. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on S. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a research note on Friday, September 13th. Citigroup lifted their target price on shares of SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. DA Davidson lifted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley lifted their target price on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.60.

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.