Sycomore Asset Management Raises Holdings in SentinelOne, Inc. (NYSE:S)

Sycomore Asset Management grew its stake in shares of SentinelOne, Inc. (NYSE:S) by 315.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,688 shares of the company’s stock after acquiring an additional 157,676 shares during the quarter. Sycomore Asset Management owned about 0.06% of SentinelOne worth $4,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC increased its holdings in shares of SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after purchasing an additional 898 shares during the period. Bullseye Asset Management LLC increased its holdings in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after buying an additional 1,000 shares during the period. MetLife Investment Management LLC raised its position in SentinelOne by 17.4% during the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after buying an additional 1,012 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in SentinelOne during the 3rd quarter valued at approximately $26,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock valued at $442,000 after acquiring an additional 1,111 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on S shares. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Westpark Capital restated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Sanford C. Bernstein cut their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average price target of $29.56.

Insider Activity

In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,658,092.02. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 286,699 shares of company stock worth $6,712,815. Company insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $23.93 on Monday. The firm has a fifty day moving average of $23.41 and a two-hundred day moving average of $24.20. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

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

About SentinelOne

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.