Caprock Group LLC Sells 17,522 Shares of SentinelOne, Inc. (NYSE:S)

Caprock Group LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,349 shares of the company’s stock after selling 17,522 shares during the quarter. Caprock Group LLC owned approximately 0.09% of SentinelOne worth $6,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in S. Champlain Investment Partners LLC purchased a new position in shares of SentinelOne during the 3rd quarter worth approximately $80,604,000. Sylebra Capital LLC boosted its position in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. Atreides Management LP grew its stake in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Stephens Investment Management Group LLC bought a new position in SentinelOne in the third quarter worth $30,972,000. Finally, Wellington Management Group LLP purchased a new position in SentinelOne during the third quarter valued at $27,000,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

S stock opened at $23.97 on Friday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The stock’s fifty day moving average price is $23.82 and its 200-day moving average price is $24.12.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25. Following the transaction, the chief executive officer now directly owns 1,029,332 shares of the company’s stock, valued at $27,019,965. The trade was a 0.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now directly owns 582,512 shares of the company’s stock, valued at $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 358,135 shares of company stock worth $8,714,308. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on S. Susquehanna upped their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, December 5th. Guggenheim restated a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and lifted their target price for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Finally, UBS Group cut SentinelOne from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $25.00 in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $29.56.

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.