Hamilton Lane Advisors LLC Makes New $2.42 Million Investment in SentinelOne, Inc. (NYSE:S)

Hamilton Lane Advisors LLC bought a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,969 shares of the company's stock, valued at approximately $2,419,000. SentinelOne makes up 2.3% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 6th largest holding.

Several other hedge funds have also bought and sold shares of the stock. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne in the third quarter worth $80,604,000. Sylebra Capital LLC boosted its holdings in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after buying an additional 2,282,980 shares during the period. Atreides Management LP increased its stake in SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock worth $90,965,000 after buying an additional 2,200,594 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in SentinelOne during the second quarter valued at about $36,237,000. Finally, Eminence Capital LP lifted its position in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after acquiring an additional 1,337,145 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction 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 transaction, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the sale, the chief executive officer now owns 959,682 shares of the company's stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,135 shares of company stock worth $8,757,911. Insiders own 5.60% of the company's stock.

SentinelOne Price Performance

Shares of S traded up $0.46 during mid-day trading on Thursday, reaching $22.22. 2,949,064 shares of the company's stock traded hands, compared to its average volume of 3,841,406. The stock's 50-day moving average is $24.84 and its two-hundred day moving average is $23.91. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The stock has a market cap of $7.14 billion, a P/E ratio of -23.63 and a beta of 0.74.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. During the same period last year, the company earned ($0.21) EPS. The business's revenue was up 28.3% compared to the same quarter last year. Research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. UBS Group lowered shares of SentinelOne from a "buy" rating to a "neutral" rating and cut their price objective for the company from $30.00 to $25.00 in a report on Wednesday. Oppenheimer assumed coverage on shares of SentinelOne in a report on Wednesday. They issued an "outperform" rating and a $32.00 target price on the stock. Scotiabank raised their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, December 5th. Finally, Wedbush upgraded shares of SentinelOne to a "strong-buy" rating in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.48.

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.