Ceera Investments LLC Reduces Position in SentinelOne, Inc. (NYSE:S)

Ceera Investments LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S) by 30.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,570 shares of the company’s stock after selling 70,655 shares during the period. SentinelOne accounts for approximately 1.4% of Ceera Investments LLC’s investment portfolio, making the stock its 25th biggest position. Ceera Investments LLC’s holdings in SentinelOne were worth $3,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of S. NorthRock Partners LLC acquired a new position in shares of SentinelOne in the 3rd quarter worth approximately $5,227,000. Sycomore Asset Management lifted its holdings in SentinelOne by 40.4% during the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after buying an additional 83,060 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in SentinelOne during the 3rd quarter worth approximately $2,392,000. Eminence Capital LP lifted its holdings in SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after buying an additional 1,337,145 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in SentinelOne by 37.1% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 262,968 shares of the company’s stock worth $6,290,000 after buying an additional 71,208 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on S shares. Sanford C. Bernstein reduced their target price on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Finally, Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $32.00 in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the sale, the insider now owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. The trade was a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,019,541 shares in the company, valued at approximately $28,169,917.83. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,125 shares of company stock worth $10,367,734. Company insiders own 5.60% of the company’s stock.

SentinelOne Trading Down 4.6 %

Shares of NYSE:S opened at $26.11 on Friday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The firm has a fifty day moving average price of $25.12 and a 200 day moving average price of $22.55.

SentinelOne (NYSE:S) last released its earnings results 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 company had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. During the same quarter last year, the business earned ($0.26) EPS. The business’s revenue was up 33.1% on a year-over-year basis. On average, research analysts forecast that SentinelOne, Inc. will post -0.73 EPS 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.