Washington Capital Management Inc. Makes New $537,000 Investment in SentinelOne, Inc. (NYSE:S)

Washington Capital Management Inc. bought a new stake in SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,200 shares of the company’s stock, valued at approximately $537,000.

A number of other institutional investors also recently modified their holdings of S. Champlain Investment Partners LLC bought a new position in shares of SentinelOne in the third quarter worth $80,604,000. Sylebra Capital LLC increased its holdings in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the period. Atreides Management LP raised its position in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of SentinelOne during the 3rd quarter worth approximately $30,972,000. Finally, Wellington Management Group LLP acquired a new stake in shares of SentinelOne during the 3rd quarter worth approximately $27,000,000. Institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on S shares. Sanford C. Bernstein cut their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Citigroup reduced their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Scotiabank boosted their price target on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Finally, Susquehanna raised their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

SentinelOne Trading Down 2.8 %

S stock opened at $23.73 on Thursday. The stock has a market cap of $7.62 billion, a P/E ratio of -25.24 and a beta of 0.74. The stock’s fifty day simple moving average is $23.99 and its two-hundred day simple moving average is $24.11. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

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

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 358,135 shares of company stock valued at $8,714,308 over the last three months. 5.60% of the stock is currently owned by insiders.

SentinelOne Company 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.