WCM Investment Management LLC Trims Stake in SentinelOne, Inc. (NYSE:S)

WCM Investment Management LLC lowered its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,423 shares of the company's stock after selling 10,664 shares during the quarter. WCM Investment Management LLC owned about 0.17% of SentinelOne worth $12,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV boosted its holdings in SentinelOne by 778.0% in the third quarter. KBC Group NV now owns 65,455 shares of the company's stock worth $1,566,000 after acquiring an additional 58,000 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in SentinelOne in the third quarter worth about $4,816,000. NorthRock Partners LLC acquired a new stake in SentinelOne in the third quarter worth about $5,227,000. Charles Schwab Investment Management Inc. boosted its holdings in SentinelOne by 55.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company's stock worth $62,129,000 after acquiring an additional 921,572 shares in the last quarter. Finally, Carnegie Investment Counsel acquired a new stake in SentinelOne in the fourth quarter worth about $7,167,000. Institutional investors own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on S. Scotiabank raised their price target on SentinelOne from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday, December 5th. Susquehanna raised their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a "positive" rating in a research note on Thursday, December 5th. Guggenheim restated a "buy" rating and issued a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and issued a $32.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Robert W. Baird raised their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and an average price target of $29.56.

SentinelOne Stock Up 3.2 %

Shares of SentinelOne stock traded up $0.78 on Thursday, reaching $24.97. The company's stock had a trading volume of 3,741,518 shares, compared to its average volume of 3,663,737. The company has a market capitalization of $8.02 billion, a P/E ratio of -26.56 and a beta of 0.75. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The stock has a 50-day moving average price of $23.19 and a 200-day moving average price of $24.23.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business's revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) earnings per share. Sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

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

SentinelOne Profile

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.