Ceera Investments LLC Grows Position in SentinelOne, Inc. $S

Ceera Investments LLC increased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 33.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,405 shares of the company’s stock after purchasing an additional 48,120 shares during the quarter. Ceera Investments LLC’s holdings in SentinelOne were worth $3,371,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in SentinelOne during the second quarter worth about $65,371,000. AQR Capital Management LLC lifted its holdings in shares of SentinelOne by 92.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock worth $77,264,000 after acquiring an additional 2,051,980 shares during the last quarter. First Trust Advisors LP boosted its position in shares of SentinelOne by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock worth $174,683,000 after purchasing an additional 1,589,845 shares during the period. Eminence Capital LP increased its holdings in SentinelOne by 24.9% in the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock valued at $129,209,000 after purchasing an additional 1,407,764 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in SentinelOne by 76.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,649,092 shares of the company’s stock valued at $48,417,000 after purchasing an additional 1,149,309 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush lowered their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Canaccord Genuity Group lowered their target price on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. Bank of America reduced their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. JMP Securities set a $23.00 target price on shares of SentinelOne in a research note on Friday, December 5th. Finally, The Goldman Sachs Group reduced their target price on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.72.

SentinelOne Price Performance

Shares of NYSE S opened at $13.22 on Friday. The business has a 50-day moving average of $14.73 and a two-hundred day moving average of $16.52. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of -10.58 and a beta of 0.77. SentinelOne, Inc. has a 1 year low of $12.64 and a 1 year high of $25.24.

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

Insider Activity at SentinelOne

In other SentinelOne news, insider Keenan Michael Conder sold 4,237 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the completion of the transaction, the insider owned 562,362 shares in the company, valued at $7,395,060.30. This represents a 0.75% 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 23,063 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $13.15, for a total value of $303,278.45. Following the transaction, the chief executive officer directly owned 1,122,545 shares in the company, valued at approximately $14,761,466.75. The trade was a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 292,222 shares of company stock valued at $4,317,590 in the last quarter. Company insiders own 4.33% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.