Washington Capital Management Inc. Buys New Stake in SentinelOne, Inc. (NYSE:S)

Washington Capital Management Inc. acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,200 shares of the company's stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV lifted its position in SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company's stock worth $1,566,000 after buying an additional 58,000 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of SentinelOne during the 3rd quarter valued at $4,816,000. NorthRock Partners LLC acquired a new stake in shares of SentinelOne during the 3rd quarter worth $5,227,000. Charles Schwab Investment Management Inc. raised its position in shares of SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company's stock worth $62,129,000 after buying an additional 921,572 shares during the period. Finally, Carnegie Investment Counsel acquired a new position in SentinelOne in the fourth quarter valued at $7,167,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 10,165 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25. Following the transaction, the chief executive officer now directly owns 1,029,332 shares of the company's stock, valued at approximately $27,019,965. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares of the company's stock, valued at $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 358,135 shares of company stock worth $8,714,308. 5.60% of the stock is owned by corporate insiders.

SentinelOne Trading Up 2.6 %

NYSE:S traded up $0.61 during mid-day trading on Thursday, hitting $24.28. 1,664,927 shares of the company's stock were exchanged, compared to its average volume of 3,870,344. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market capitalization of $7.80 billion, a P/E ratio of -25.80 and a beta of 0.74. The company has a 50 day simple moving average of $23.99 and a 200-day simple moving average of $24.11.

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 business had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm's revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) earnings per share. As a group, analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

S has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Guggenheim reaffirmed a "buy" rating and set a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a "hold" rating to a "buy" rating and upped their target price for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. Jefferies Financial Group upgraded shares of 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 research note on Thursday, December 19th. Finally, Cantor Fitzgerald assumed coverage on SentinelOne in a research report on Thursday, January 9th. They issued an "overweight" rating and a $30.00 price target for the company. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.56.

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.