Sanctuary Advisors LLC Takes Position in SentinelOne, Inc. (NYSE:S)

Sanctuary Advisors LLC acquired a new stake in SentinelOne, Inc. (NYSE:S) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,998 shares of the company’s stock, valued at approximately $259,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. Eminence Capital LP grew its stake 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 purchasing an additional 1,337,145 shares in the last quarter. Sylebra Capital LLC grew its stake in SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock worth $142,424,000 after purchasing an additional 643,097 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in SentinelOne by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock worth $77,299,000 after purchasing an additional 590,628 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in SentinelOne by 0.8% during the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock worth $55,374,000 after purchasing an additional 20,600 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total transaction of $343,283.82. Following the transaction, the insider now owns 639,834 shares of the company’s stock, valued at $15,061,692.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total value of $343,283.82. Following the completion of the transaction, the insider now owns 639,834 shares in the company, valued at $15,061,692.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 489,850 shares of company stock valued at $11,034,964 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

S has been the subject of several analyst reports. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Monday, August 26th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. DA Davidson upped their price objective on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Robert W. Baird upped their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wedbush raised SentinelOne to a “strong-buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.60.

SentinelOne Price Performance

S opened at $26.36 on Friday. The stock has a market cap of $8.25 billion, a P/E ratio of -25.84 and a beta of 0.67. The stock’s 50 day simple moving average is $23.92 and its 200 day simple moving average is $21.85. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last announced its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.26) EPS. Research analysts expect 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.