Eminence Capital LP Raises Holdings in SentinelOne, Inc. $S

Eminence Capital LP boosted its stake in shares of SentinelOne, Inc. (NYSE:S) by 24.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,068,308 shares of the company’s stock after buying an additional 1,407,764 shares during the period. SentinelOne accounts for about 1.6% of Eminence Capital LP’s investment portfolio, making the stock its 25th biggest holding. Eminence Capital LP owned approximately 2.13% of SentinelOne worth $129,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in shares of SentinelOne in the 2nd quarter worth $29,000. First Horizon Advisors Inc. grew its stake in SentinelOne by 287.8% in the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock valued at $45,000 after purchasing an additional 1,810 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in SentinelOne by 66.7% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock valued at $55,000 after purchasing an additional 1,203 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of SentinelOne by 25.2% during the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after buying an additional 692 shares during the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of SentinelOne during the second quarter valued at about $77,000. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $24.00 price target on shares of SentinelOne in a report on Friday, December 5th. Berenberg Bank initiated coverage on SentinelOne in a research report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target on the stock. DA Davidson decreased their price objective on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Canaccord Genuity Group dropped their target price on SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.43.

SentinelOne Stock Performance

Shares of S opened at $15.10 on Friday. The stock has a 50-day moving average of $16.66 and a two-hundred day moving average of $17.51. The stock has a market cap of $5.04 billion, a P/E ratio of -12.08 and a beta of 0.76. SentinelOne, Inc. has a one year low of $14.48 and a one year high of $25.24.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period in the prior year, the company earned ($0.25) earnings per share. The company’s revenue was up 22.9% on a year-over-year basis. Analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, CFO Barbara A. Larson sold 54,583 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the sale, the chief financial officer owned 549,498 shares in the company, valued at $9,962,398.74. This represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.09, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 392,904 shares of company stock valued at $6,374,392. 4.33% of the stock is owned by corporate insiders.

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.