Sycomore Asset Management Has $4.98 Million Stake in SentinelOne, Inc. (NYSE:S)

Sycomore Asset Management raised its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 315.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 207,688 shares of the company's stock after buying an additional 157,676 shares during the quarter. Sycomore Asset Management owned 0.06% of SentinelOne worth $4,976,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its stake in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company's stock valued at $553,000 after buying an additional 898 shares during the period. Bullseye Asset Management LLC increased its stake in shares of SentinelOne by 1.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock worth $1,605,000 after purchasing an additional 1,000 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of 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 purchasing an additional 1,012 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth $26,000. Finally, Principal Financial Group Inc. increased its stake in shares of SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Stock Performance

Shares of NYSE:S traded up $0.78 during midday trading on Thursday, reaching $24.97. 3,741,518 shares of the company's stock were exchanged, compared to its average volume of 3,663,737. The company's 50 day simple moving average is $23.19 and its two-hundred day simple moving average is $24.23. The firm has a market capitalization of $8.02 billion, a PE ratio of -26.56 and a beta of 0.75. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Analysts Set New Price Targets

Several brokerages have recently commented on S. Cantor Fitzgerald began coverage on shares of SentinelOne in a research note on Thursday, January 9th. They set an "overweight" rating and a $30.00 price target on the stock. Oppenheimer began coverage on shares of SentinelOne in a research note on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price target on the stock. Guggenheim restated a "buy" rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Scotiabank increased their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 5th. Finally, Westpark Capital reaffirmed a "buy" rating and set a $34.00 price objective on shares of SentinelOne in a report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.56.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,782,850.68. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 41,170 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the sale, the insider now owns 531,459 shares of the company's stock, valued at $12,744,386.82. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 357,341 shares of company stock worth $8,423,765 in the last quarter. 5.60% of the stock is owned by corporate insiders.

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.