SentinelOne, Inc. (NYSE:S) Holdings Lessened by Cota Capital Management LLC

Cota Capital Management LLC reduced its holdings in shares of SentinelOne, Inc. (NYSE:S) by 50.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,011 shares of the company’s stock after selling 125,011 shares during the period. SentinelOne comprises 11.9% of Cota Capital Management LLC’s portfolio, making the stock its 5th largest holding. Cota Capital Management LLC’s holdings in SentinelOne were worth $2,990,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in S. Waldron Private Wealth LLC purchased a new stake in SentinelOne in the 3rd quarter worth $26,000. Blue Trust Inc. purchased a new position in shares of SentinelOne in the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new position in shares of SentinelOne during the second quarter worth approximately $49,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Up 0.5 %

Shares of S opened at $28.07 on Thursday. The stock’s 50-day moving average price is $25.83 and its 200-day moving average price is $22.87. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of -30.18 and a beta of 0.65.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The company’s revenue was up 33.1% compared to the same quarter last year. As a group, equities analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 5,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the transaction, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now directly owns 636,699 shares in the company, valued at $14,637,710.01. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock worth $10,367,734 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on S. Sanford C. Bernstein cut their price target on SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Scotiabank raised their target price on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Susquehanna boosted their price target on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, September 5th. DA Davidson increased their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley boosted their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

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.