Van ECK Associates Corp Reduces Stake in SentinelOne, Inc. (NYSE:S)

Van ECK Associates Corp reduced its stake in SentinelOne, Inc. (NYSE:S) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,592 shares of the company’s stock after selling 1,423 shares during the quarter. Van ECK Associates Corp’s holdings in SentinelOne were worth $2,100,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Legato Capital Management LLC grew its holdings in SentinelOne by 8.1% in the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after buying an additional 1,022 shares in the last quarter. Avion Wealth purchased a new position in shares of SentinelOne during the 4th quarter worth $28,000. Summit Trail Advisors LLC purchased a new position in shares of SentinelOne during the 4th quarter worth $3,776,000. Arlington Trust Co LLC purchased a new position in shares of SentinelOne during the 4th quarter worth $33,000. Finally, Sycomore Asset Management grew its holdings in shares of SentinelOne by 315.3% during the 4th quarter. Sycomore Asset Management now owns 207,688 shares of the company’s stock worth $4,976,000 after purchasing an additional 157,676 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 10,178 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $243,763.10. Following the transaction, the chief executive officer now owns 949,504 shares in the company, valued at $22,740,620.80. This represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 357,341 shares of company stock valued at $8,423,765. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on S shares. Sanford C. Bernstein lowered their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank increased 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. UBS Group cut SentinelOne from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Barclays lowered their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Finally, Robert W. Baird increased their target price on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Stock Performance

Shares of NYSE S opened at $22.77 on Friday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The firm has a market capitalization of $7.32 billion, a PE ratio of -24.22 and a beta of 0.75. The stock’s 50-day simple moving average is $23.15 and its 200-day simple moving average is $24.29.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share 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 business had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same period last year, the business posted ($0.21) EPS. SentinelOne’s revenue was up 28.3% on a year-over-year basis. On average, sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.