WCM Investment Management LLC Buys Shares of 554,087 SentinelOne, Inc. (NYSE:S)

WCM Investment Management LLC acquired a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 554,087 shares of the company's stock, valued at approximately $13,342,000. WCM Investment Management LLC owned about 0.17% of SentinelOne as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Waldron Private Wealth LLC purchased a new position in SentinelOne during the third quarter worth about $26,000. Blue Trust Inc. acquired a new position in SentinelOne during the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC raised its stake in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock worth $28,000 after purchasing an additional 434 shares during the period. Sugarloaf Wealth Management LLC grew its position in SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company's stock valued at $41,000 after acquiring an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new stake in SentinelOne during the 2nd quarter worth approximately $49,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the sale, the insider now owns 636,699 shares in the company, valued at approximately $14,637,710.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO David J. Bernhardt sold 11,061 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $252,190.80. Following the completion of the sale, the chief financial officer now directly owns 489,003 shares in the company, valued at approximately $11,149,268.40. This represents a 0.00 % 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 14,584 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the sale, the insider now directly owns 636,699 shares in the company, valued at approximately $14,637,710.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 361,470 shares of company stock worth $8,415,537 in the last 90 days. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on S. BTIG Research lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Loop Capital boosted their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Robert W. Baird boosted their target price on shares of SentinelOne from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $30.00 price target on shares of SentinelOne in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.73.

SentinelOne Stock Up 2.0 %

Shares of NYSE S traded up $0.54 during trading on Tuesday, reaching $27.72. 4,291,322 shares of the stock were exchanged, compared to its average volume of 5,215,415. The business's 50-day moving average price is $24.76 and its 200 day moving average price is $22.40. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of -29.60 and a beta of 0.65. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business's quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) earnings per share. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal 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.