Tidal Investments LLC Sells 38,595 Shares of SentinelOne, Inc. (NYSE:S)

Tidal Investments LLC trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,105 shares of the company's stock after selling 38,595 shares during the period. Tidal Investments LLC owned 0.07% of SentinelOne worth $5,193,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in SentinelOne in the third quarter valued at about $67,000. Ashford Capital Management Inc. increased its stake in shares of SentinelOne by 72.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company's stock valued at $15,750,000 after acquiring an additional 277,235 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company's stock valued at $107,326,000 after acquiring an additional 355,944 shares during the period. Sylebra Capital LLC boosted its stake in SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock worth $216,451,000 after acquiring an additional 2,282,980 shares during the last quarter. Finally, Bullseye Asset Management LLC grew its holdings in SentinelOne by 1.5% during the third 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 during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the sale, the chief executive officer now owns 1,039,497 shares of the company's stock, valued at $26,299,274.10. The trade was a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total value of $352,908.60. Following the transaction, the insider now directly owns 585,647 shares of the company's stock, valued at approximately $14,172,657.40. This represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 418,999 shares of company stock worth $10,373,693. Corporate insiders own 5.60% of the company's stock.

SentinelOne Stock Down 0.5 %

Shares of S traded down $0.11 during trading hours on Friday, hitting $23.91. 4,701,534 shares of the company were exchanged, compared to its average volume of 5,266,291. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -25.44 and a beta of 0.67. The firm's fifty day moving average is $26.36 and its 200 day moving average is $23.22. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the prior year, the business posted ($0.21) EPS. The business's revenue was up 28.3% on a year-over-year basis. Analysts anticipate that SentinelOne, Inc. will post -0.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on S. BTIG Research boosted their target price on SentinelOne from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Morgan Stanley restated an "equal weight" rating and set a $29.00 target price on shares of SentinelOne in a report on Monday, December 2nd. Westpark Capital reaffirmed a "buy" rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Finally, Loop Capital boosted their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.42.

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.