Stanley Laman Group Ltd. Sells 41,644 Shares of SentinelOne, Inc. (NYSE:S)

Stanley Laman Group Ltd. lowered its holdings in shares of SentinelOne, Inc. (NYSE:S) by 16.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 210,451 shares of the company’s stock after selling 41,644 shares during the quarter. Stanley Laman Group Ltd.’s holdings in SentinelOne were worth $4,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legato Capital Management LLC grew its holdings in shares of SentinelOne by 8.1% during the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after purchasing an additional 1,022 shares during the last quarter. Avion Wealth bought a new stake in SentinelOne in the 4th quarter worth $28,000. Summit Trail Advisors LLC bought a new stake in SentinelOne in the 4th quarter worth $3,776,000. Arlington Trust Co LLC bought a new stake in SentinelOne in the 4th quarter worth $33,000. Finally, Sycomore Asset Management grew its holdings in SentinelOne by 315.3% in the 4th quarter. Sycomore Asset Management now owns 207,688 shares of the company’s stock worth $4,976,000 after acquiring an additional 157,676 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Up 0.9 %

Shares of SentinelOne stock opened at $24.20 on Thursday. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The company has a 50-day simple moving average of $23.19 and a two-hundred day simple moving average of $24.22.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup cut their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Guggenheim reissued a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Scotiabank raised their target price on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the sale, the insider now directly owns 531,459 shares in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 10,178 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total transaction of $243,763.10. Following the sale, the chief executive officer now owns 949,504 shares of the company’s stock, valued at $22,740,620.80. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 286,699 shares of company stock worth $6,712,815 over the last three months. 5.60% of the stock is currently owned by company insiders.

About SentinelOne

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.