Legato Capital Management LLC Has $266,000 Holdings in SentinelOne, Inc. (NYSE:S)

Legato Capital Management LLC cut its holdings in shares of SentinelOne, Inc. (NYSE:S) by 52.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,660 shares of the company’s stock after selling 13,767 shares during the period. Legato Capital Management LLC’s holdings in SentinelOne were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of S. International Assets Investment Management LLC raised its holdings in shares of SentinelOne by 1,811.2% during the fourth quarter. International Assets Investment Management LLC now owns 37,785 shares of the company’s stock worth $1,037,000 after acquiring an additional 35,808 shares during the period. Sigma Planning Corp acquired a new stake in shares of SentinelOne in the 4th quarter valued at about $236,000. Russell Investments Group Ltd. raised its stake in shares of SentinelOne by 185.1% in the 4th quarter. Russell Investments Group Ltd. now owns 226,944 shares of the company’s stock valued at $6,227,000 after purchasing an additional 147,333 shares during the period. Van ECK Associates Corp bought a new stake in shares of SentinelOne in the fourth quarter valued at about $1,831,000. Finally, Victory Capital Management Inc. boosted its position in shares of SentinelOne by 25.7% during the fourth quarter. Victory Capital Management Inc. now owns 31,447 shares of the company’s stock worth $863,000 after buying an additional 6,431 shares during the period. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

S has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and decreased their price objective for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. DA Davidson upped their target price on SentinelOne from $17.00 to $18.50 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and reduced their price target for the company from $28.00 to $23.00 in a research report on Tuesday, June 4th. Finally, Morgan Stanley upped their price objective on SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.14.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 5,022 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $86,880.60. Following the sale, the chief accounting officer now owns 198,174 shares of the company’s stock, valued at approximately $3,428,410.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Robin Tomasello sold 5,022 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $86,880.60. Following the completion of the transaction, the chief accounting officer now owns 198,174 shares in the company, valued at approximately $3,428,410.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 24,467 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the completion of the transaction, the insider now owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The disclosure for this sale can be found here. Insiders sold a total of 610,851 shares of company stock valued at $12,036,747 in the last quarter. Insiders own 5.60% of the company’s stock.

SentinelOne Trading Down 0.4 %

S stock traded down $0.09 during mid-day trading on Tuesday, hitting $24.80. The stock had a trading volume of 5,233,562 shares, compared to its average volume of 5,517,504. The firm has a fifty day simple moving average of $21.45 and a 200 day simple moving average of $22.40. The firm has a market capitalization of $7.76 billion, a P/E ratio of -24.40 and a beta of 0.66. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. During the same period in the prior year, the business posted ($0.35) EPS. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

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.