SG Americas Securities LLC Grows Stock Holdings in SentinelOne, Inc. (NYSE:S)

SG Americas Securities LLC grew its stake in SentinelOne, Inc. (NYSE:S) by 74.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,142 shares of the company’s stock after purchasing an additional 24,453 shares during the period. SG Americas Securities LLC’s holdings in SentinelOne were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. increased its position in SentinelOne by 3.6% during the second quarter. American Century Companies Inc. now owns 42,646 shares of the company’s stock worth $898,000 after purchasing an additional 1,470 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of SentinelOne by 827.7% in the 2nd quarter. AQR Capital Management LLC now owns 251,006 shares of the company’s stock valued at $5,284,000 after buying an additional 223,950 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of SentinelOne by 21.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,507 shares of the company’s stock worth $1,484,000 after buying an additional 12,258 shares during the last quarter. Creative Planning increased its holdings in shares of SentinelOne by 62.8% during the 2nd quarter. Creative Planning now owns 29,758 shares of the company’s stock worth $626,000 after buying an additional 11,478 shares during the last quarter. Finally, Sylebra Capital LLC raised its position in shares of SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after buying an additional 643,097 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on S. DA Davidson raised their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays cut their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Cantor Fitzgerald started coverage on shares of SentinelOne in a research report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 target price on the stock. Scotiabank lifted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Seven 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.56.

SentinelOne Trading Up 0.5 %

S stock opened at $23.28 on Tuesday. The stock has a market cap of $7.48 billion, a P/E ratio of -24.76 and a beta of 0.74. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The company’s 50 day moving average is $24.12 and its two-hundred day moving average is $24.08.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) 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 company 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 earned ($0.21) earnings per share. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. On average, equities research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity

In other news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 582,512 shares of the company’s stock, valued at $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 343,552 shares of company stock valued at $8,374,670. 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.