Sylebra Capital LLC boosted its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 33.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,048,954 shares of the company's stock after acquiring an additional 2,282,980 shares during the quarter. SentinelOne comprises about 7.2% of Sylebra Capital LLC's holdings, making the stock its 5th largest holding. Sylebra Capital LLC owned approximately 2.85% of SentinelOne worth $216,451,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of S. Bullseye Asset Management LLC raised its position in shares of SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock valued at $1,605,000 after purchasing an additional 1,000 shares in the last quarter. M&T Bank Corp raised its position in shares of SentinelOne by 42.8% during the 3rd quarter. M&T Bank Corp now owns 14,583 shares of the company's stock valued at $349,000 after acquiring an additional 4,370 shares in the last quarter. Barclays PLC raised its position in shares of SentinelOne by 121.9% during the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after acquiring an additional 178,685 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of SentinelOne by 12.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 109,695 shares of the company's stock valued at $2,624,000 after acquiring an additional 12,413 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of SentinelOne during the 3rd quarter valued at approximately $27,000,000. Hedge funds and other institutional investors own 90.87% of the company's stock.
Insider Activity at SentinelOne
In other news, insider Ric Smith sold 3,135 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the transaction, the insider now directly owns 582,512 shares of the company's stock, valued at $15,290,940. The trade was a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. This represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 328,187 shares of company stock valued at $8,016,623 in the last 90 days. 5.60% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
S has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on SentinelOne from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. BTIG Research increased their price target on SentinelOne from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Barclays decreased their price target on SentinelOne from $30.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, December 5th. Westpark Capital reissued a "buy" rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. Finally, Wedbush raised SentinelOne to a "strong-buy" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.42.
Check Out Our Latest Stock Analysis on SentinelOne
SentinelOne Price Performance
SentinelOne stock traded down $1.07 during mid-day trading on Tuesday, reaching $23.61. 5,632,625 shares of the company were exchanged, compared to its average volume of 5,263,578. The company has a fifty day simple moving average of $26.33 and a 200-day simple moving average of $23.20. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The firm has a market cap of $7.49 billion, a PE ratio of -25.11 and a beta of 0.67.
SentinelOne (NYSE:S - Get Free Report) last posted 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). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same quarter last year, the business earned ($0.21) EPS. SentinelOne's revenue was up 28.3% on a year-over-year basis. Sell-side analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current year.
About SentinelOne
(
Free Report)
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.
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![Institutional Ownership by Quarter for SentinelOne (NYSE:S)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=S)
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