Segall Bryant & Hamill LLC Acquires New Shares in SentinelOne, Inc. (NYSE:S)

Segall Bryant & Hamill LLC acquired a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 367,873 shares of the company's stock, valued at approximately $8,800,000. Segall Bryant & Hamill LLC owned about 0.12% of SentinelOne at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased 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 valued at $586,456,000 after acquiring an additional 1,694,407 shares during the last quarter. Eminence Capital LP grew its position in shares of SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the period. Sylebra Capital LLC grew its position in shares of SentinelOne by 10.5% in the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company's stock valued at $142,424,000 after purchasing an additional 643,097 shares during the period. Dimensional Fund Advisors LP grew its position in shares of SentinelOne by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company's stock valued at $77,299,000 after purchasing an additional 590,628 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of SentinelOne by 0.8% in the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company's stock valued at $55,374,000 after purchasing an additional 20,600 shares during the period. 90.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the sale, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Robin Tomasello sold 5,022 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the sale, the chief accounting officer now owns 193,542 shares of the company's stock, valued at approximately $4,412,757.60. The trade was a 2.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,125 shares of company stock valued at $10,367,734. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on S. DA Davidson upped their price target on SentinelOne from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Morgan Stanley increased their price objective on SentinelOne from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Loop Capital increased their price objective on SentinelOne from $25.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Canaccord Genuity Group reissued a "buy" rating and issued a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a "hold" rating to a "buy" rating and increased their price objective for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.73.

SentinelOne Price Performance

Shares of NYSE S traded up $0.40 during mid-day trading on Friday, reaching $28.53. 2,909,670 shares of the company's stock traded hands, compared to its average volume of 5,147,280. The business has a 50-day simple moving average of $25.56 and a 200 day simple moving average of $22.71. The stock has a market cap of $9.05 billion, a P/E ratio of -30.69 and a beta of 0.65. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne's quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) EPS. Equities research analysts anticipate that SentinelOne, Inc. will post -0.73 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.