Liberty One Investment Management LLC Grows Position in SentinelOne, Inc. (NYSE:S)

Liberty One Investment Management LLC raised its stake in shares of SentinelOne, Inc. (NYSE:S) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,912 shares of the company’s stock after purchasing an additional 1,678 shares during the quarter. Liberty One Investment Management LLC’s holdings in SentinelOne were worth $188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after buying an additional 1,694,407 shares during the period. First Trust Advisors LP increased its stake in shares of SentinelOne by 1.6% in the fourth quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock worth $284,642,000 after acquiring an additional 162,846 shares during the period. Norges Bank purchased a new position in shares of SentinelOne during the fourth quarter worth $228,872,000. Sylebra Capital LLC lifted its position in SentinelOne by 15.9% during the first quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock valued at $142,724,000 after purchasing an additional 838,818 shares during the period. Finally, Eminence Capital LP boosted its holdings in SentinelOne by 89.7% in the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after purchasing an additional 2,569,781 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Baird R W upgraded SentinelOne to a “strong-buy” rating in a research note on Monday, July 15th. DA Davidson boosted their price target on SentinelOne from $17.00 to $18.50 and gave the company a “neutral” rating in a report on Thursday, June 27th. Loop Capital dropped their price objective on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Barclays decreased their target price on shares of SentinelOne from $27.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Finally, Wells Fargo & Company dropped their price target on shares of SentinelOne from $26.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.94.

SentinelOne Stock Up 1.1 %

Shares of S traded up $0.25 during trading on Tuesday, reaching $24.00. 4,143,902 shares of the company traded hands, compared to its average volume of 5,522,840. The stock has a 50-day simple moving average of $20.68 and a 200-day simple moving average of $22.55. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The stock has a market cap of $7.51 billion, a PE ratio of -23.28 and a beta of 0.66.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The company had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. During the same quarter last year, the business posted ($0.35) EPS. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. On average, equities research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 99,502 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the sale, the insider now directly owns 639,834 shares in the company, valued at $12,860,663.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $191,355.30. Following the sale, the chief financial officer now directly owns 517,298 shares in the company, valued at $8,949,255.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 99,502 shares of SentinelOne stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the completion of the transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 610,851 shares of company stock worth $12,036,747. 5.60% of the stock is currently owned by company insiders.

SentinelOne Company 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.