SentinelOne, Inc. (NYSE:S) Stake Decreased by Cota Capital Management LLC

Cota Capital Management LLC lessened its holdings in shares of SentinelOne, Inc. (NYSE:S) by 50.0% in the 3rd quarter, Holdings Channel reports. The fund owned 125,011 shares of the company’s stock after selling 125,011 shares during the quarter. SentinelOne accounts for 11.9% of Cota Capital Management LLC’s holdings, making the stock its 5th largest holding. Cota Capital Management LLC’s holdings in SentinelOne were worth $2,990,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in shares of SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Advisors Asset Management Inc. raised its stake in SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after purchasing an additional 743 shares during the period. Archford Capital Strategies LLC raised its stake in SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after purchasing an additional 790 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after purchasing an additional 898 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. Loop Capital upped their price target on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. BTIG Research increased their price target on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $33.00 price objective on shares of SentinelOne in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $28.73.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction 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 transaction, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 38,607 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the sale, the chief executive officer now directly owns 1,060,749 shares of the company’s stock, valued at approximately $24,185,077.20. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,125 shares of company stock worth $10,367,734 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 0.5 %

Shares of NYSE:S opened at $28.07 on Thursday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm’s 50 day moving average price is $25.83 and its 200 day moving average price is $22.87. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of -30.18 and a beta of 0.65.

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