SentinelOne, Inc. $S Shares Bought by Eminence Capital LP

Eminence Capital LP raised its holdings in SentinelOne, Inc. (NYSE:S) by 24.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,068,308 shares of the company’s stock after purchasing an additional 1,407,764 shares during the period. SentinelOne comprises 1.6% of Eminence Capital LP’s holdings, making the stock its 25th largest position. Eminence Capital LP’s holdings in SentinelOne were worth $129,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in S. JPMorgan Chase & Co. increased its stake in SentinelOne by 37.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company’s stock worth $56,758,000 after buying an additional 853,508 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in shares of SentinelOne in the second quarter valued at approximately $1,332,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of SentinelOne by 40.1% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock worth $5,387,000 after acquiring an additional 84,308 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of SentinelOne in the second quarter worth approximately $4,771,000. Finally, Strs Ohio purchased a new stake in shares of SentinelOne during the first quarter worth approximately $9,227,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

S has been the topic of a number of research reports. Cantor Fitzgerald decreased their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Bank of America reduced their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Piper Sandler lowered their price target on shares of SentinelOne from $28.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, December 5th. Berenberg Bank began coverage on shares of SentinelOne in a research note on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Wedbush decreased their target price on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.43.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 125,429 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the transaction, the chief executive officer owned 1,093,108 shares of the company’s stock, valued at $16,494,999.72. This represents a 10.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $14.58, for a total value of $124,061.22. Following the transaction, the chief accounting officer owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 392,904 shares of company stock worth $6,374,392 over the last ninety days. Company insiders own 4.33% of the company’s stock.

SentinelOne Price Performance

NYSE:S opened at $15.10 on Friday. The company’s 50-day moving average is $16.66 and its two-hundred day moving average is $17.51. SentinelOne, Inc. has a 1-year low of $14.48 and a 1-year high of $25.24. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -12.08 and a beta of 0.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The business’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.25) EPS. As a group, equities analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share 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.