SentinelOne, Inc. (NYSE:S) Holdings Cut by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. reduced its stake in SentinelOne, Inc. (NYSE:S) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,480 shares of the company’s stock after selling 5,312 shares during the period. Coronation Fund Managers Ltd. owned 0.12% of SentinelOne worth $7,588,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of SentinelOne in the 4th quarter worth about $30,000. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC raised its holdings in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC bought a new position in SentinelOne in the 2nd quarter worth approximately $49,000. 90.87% of the stock is owned by institutional investors.

SentinelOne Trading Down 4.3 %

S stock opened at $22.88 on Wednesday. The firm has a 50-day moving average of $23.15 and a two-hundred day moving average of $21.64. The firm has a market capitalization of $7.26 billion, a PE ratio of -22.43 and a beta of 0.67. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. During the same quarter last year, the business posted ($0.26) EPS. The company’s revenue was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on S shares. Barclays lifted their target price on SentinelOne from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Needham & Company LLC lifted their price objective on shares of SentinelOne from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Morgan Stanley upped their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. DA Davidson raised their target price on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, Citigroup upped their price target on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the sale, the insider now directly owns 585,647 shares in the company, valued at $14,172,657.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now directly owns 193,542 shares of the company’s stock, valued at $4,412,757.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the transaction, the insider now owns 585,647 shares in the company, valued at approximately $14,172,657.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 589,352 shares of company stock valued at $12,648,468. Company insiders own 5.60% of the company’s stock.

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.