Ieq Capital LLC Purchases 250,624 Shares of SentinelOne, Inc. (NYSE:S)

Ieq Capital LLC grew its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,501,058 shares of the company's stock after buying an additional 250,624 shares during the period. Ieq Capital LLC owned 0.47% of SentinelOne worth $33,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Waldron Private Wealth LLC purchased a new stake in shares of SentinelOne in the third quarter worth $26,000. Avion Wealth purchased a new stake in shares of SentinelOne in the 4th quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC bought a new stake in shares of SentinelOne during the 4th quarter valued at about $33,000. Finally, Modus Advisors LLC bought a new stake in SentinelOne during the fourth quarter valued at approximately $48,000. 90.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 70,642 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 41,170 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60. Following the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at $12,744,386.82. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 357,341 shares of company stock worth $8,423,765 over the last three months. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on S shares. Robert W. Baird upped their target price on shares of SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Westpark Capital reiterated a "buy" rating and set a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Jefferies Financial Group raised SentinelOne from a "hold" rating to a "buy" rating and raised their price objective for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Morgan Stanley dropped their target price on SentinelOne from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Guggenheim reaffirmed a "buy" rating and issued a $31.00 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.48.

SentinelOne Trading Down 2.3 %

S stock traded down $0.53 during midday trading on Friday, reaching $22.25. 2,506,399 shares of the company's stock traded hands, compared to its average volume of 3,817,780. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29. The stock has a market cap of $7.15 billion, a P/E ratio of -23.69 and a beta of 0.75. The stock's 50-day moving average is $23.15 and its 200 day moving average is $24.29.

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