Sylebra Capital LLC Purchases 838,818 Shares of SentinelOne, Inc. (NYSE:S)

Sylebra Capital LLC raised its position in SentinelOne, Inc. (NYSE:S) by 15.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,122,877 shares of the company’s stock after acquiring an additional 838,818 shares during the period. SentinelOne makes up about 4.7% of Sylebra Capital LLC’s holdings, making the stock its 8th largest position. Sylebra Capital LLC owned 1.98% of SentinelOne worth $142,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of SentinelOne in the 4th quarter worth about $228,872,000. Trivest Advisors Ltd purchased a new position in shares of SentinelOne during the fourth quarter valued at approximately $143,273,000. Eminence Capital LP lifted its stake in SentinelOne by 89.7% during the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after acquiring an additional 2,569,781 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 1,694,407 shares in the last quarter. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new position in shares of SentinelOne during the first quarter valued at about $16,507,000. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on S. Baird R W upgraded shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. DA Davidson lifted their price target on shares of SentinelOne from $17.00 to $18.50 and gave the stock a “neutral” rating in a report on Thursday, June 27th. BTIG Research reduced their price objective on SentinelOne from $30.00 to $23.00 and set a “buy” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lowered their target price for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. Finally, JMP Securities reiterated a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $24.87.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 99,502 shares of SentinelOne stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the sale, the insider now directly owns 639,834 shares in the company, valued at $12,860,663.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SentinelOne news, insider Ric Smith sold 99,502 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the transaction, the insider now owns 639,834 shares of the company’s stock, valued at $12,860,663.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $21.26, for a total transaction of $55,935.06. Following the sale, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The disclosure for this sale can be found here. Insiders have sold 639,582 shares of company stock valued at $12,655,659 over the last ninety days. Insiders own 5.60% of the company’s stock.

SentinelOne Stock Down 0.3 %

Shares of NYSE:S traded down $0.06 during midday trading on Tuesday, reaching $22.55. The company’s stock had a trading volume of 4,682,325 shares, compared to its average volume of 5,693,182. The firm has a 50 day moving average of $20.04 and a 200-day moving average of $22.93. The firm has a market capitalization of $7.06 billion, a P/E ratio of -22.11 and a beta of 0.66. SentinelOne, Inc. has a 12-month low of $13.87 and a 12-month high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The company had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. SentinelOne’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) EPS. On average, research analysts predict that SentinelOne, Inc. will post -0.73 EPS 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.