Caprock Group LLC Reduces Stock Position in SentinelOne, Inc. (NYSE:S)

Caprock Group LLC decreased its position in SentinelOne, Inc. (NYSE:S) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 314,871 shares of the company’s stock after selling 3,543 shares during the quarter. Caprock Group LLC owned approximately 0.10% of SentinelOne worth $7,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after buying an additional 743 shares during the period. Archford Capital Strategies LLC raised its stake in SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after buying an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management lifted its holdings in SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock worth $453,000 after buying an additional 1,000 shares during the period. 90.87% of the stock is owned by institutional investors.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the sale, the insider now directly owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This represents a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,125 shares of company stock valued at $10,367,734. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on S. Robert W. Baird upped their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Barclays raised their price objective on SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Scotiabank lifted their price target on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Price Performance

NYSE S opened at $26.43 on Tuesday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The business’s fifty day moving average price is $25.21 and its 200-day moving average price is $22.60.

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

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.