Stanley Laman Group Ltd. Cuts Position in SentinelOne, Inc. (NYSE:S)

Stanley Laman Group Ltd. cut its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,095 shares of the company's stock after selling 36,200 shares during the period. SentinelOne comprises 0.8% of Stanley Laman Group Ltd.'s portfolio, making the stock its 21st biggest position. Stanley Laman Group Ltd. owned 0.08% of SentinelOne worth $6,030,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sycomore Asset Management increased its holdings in SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company's stock valued at $5,537,000 after buying an additional 83,060 shares during the period. Eminence Capital LP boosted its position in SentinelOne by 24.2% during the 2nd 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. Andar Capital Management HK Ltd purchased a new position in shares of SentinelOne in the 2nd quarter valued at $4,736,000. Hood River Capital Management LLC bought a new position in shares of SentinelOne in the 2nd quarter worth $4,060,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of SentinelOne during the 3rd quarter worth $2,392,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird raised their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Barclays boosted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. BTIG Research raised their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Westpark Capital reiterated a "buy" rating and set a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. Finally, Needham & Company LLC assumed coverage on SentinelOne in a research report on Thursday, October 17th. They issued a "buy" rating and a $32.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.60.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the transaction, the insider now owns 639,834 shares of the company's stock, valued at $15,061,692.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the sale, the insider now directly owns 639,834 shares in the company, valued at $15,061,692.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 5,022 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now directly owns 193,542 shares of the company's stock, valued at approximately $4,412,757.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 489,850 shares of company stock valued at $11,034,964 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

SentinelOne Trading Down 2.4 %

NYSE S traded down $0.61 during trading hours on Wednesday, reaching $25.28. The company had a trading volume of 4,592,490 shares, compared to its average volume of 5,354,757. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The stock has a market capitalization of $7.91 billion, a P/E ratio of -25.37 and a beta of 0.67. The stock has a 50-day moving average of $24.10 and a 200 day moving average of $21.90.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The company's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.72 EPS for the current 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.