Washington Capital Management Inc. Invests $537,000 in SentinelOne, Inc. (NYSE:S)

Washington Capital Management Inc. acquired a new stake in SentinelOne, Inc. (NYSE:S) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 24,200 shares of the company’s stock, valued at approximately $537,000.

A number of other large investors also recently added to or reduced their stakes in S. American Century Companies Inc. increased its stake in SentinelOne by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 42,646 shares of the company’s stock worth $898,000 after purchasing an additional 1,470 shares during the period. AQR Capital Management LLC grew its holdings in shares of SentinelOne by 827.7% in the second quarter. AQR Capital Management LLC now owns 251,006 shares of the company’s stock worth $5,284,000 after purchasing an additional 223,950 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of SentinelOne by 21.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,507 shares of the company’s stock worth $1,484,000 after buying an additional 12,258 shares during the period. Creative Planning raised its holdings in SentinelOne by 62.8% during the 2nd quarter. Creative Planning now owns 29,758 shares of the company’s stock valued at $626,000 after buying an additional 11,478 shares during the last quarter. Finally, Truist Financial Corp boosted its position in SentinelOne by 17.4% during the 2nd quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock valued at $584,000 after buying an additional 4,110 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of S stock opened at $23.73 on Thursday. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of -25.24 and a beta of 0.74. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76. The company’s 50-day moving average is $23.99 and its 200 day moving average is $24.11.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.21) earnings per share. As a group, research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $23.29, for a total value of $339,638.07. Following the sale, the insider now directly owns 531,459 shares in the company, valued at approximately $12,377,680.11. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 358,135 shares of company stock valued at $8,714,308. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

S has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Cantor Fitzgerald began coverage on SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target on the stock. Barclays dropped their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.56.

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.