SentinelOne, Inc. (NYSE:S) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its position in SentinelOne, Inc. (NYSE:S) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 543,423 shares of the company’s stock after selling 10,664 shares during the period. WCM Investment Management LLC’s holdings in SentinelOne were worth $12,205,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Waldron Private Wealth LLC purchased a new stake in SentinelOne in the third quarter valued at $26,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at about $33,000. Modus Advisors LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $48,000. Capital Performance Advisors LLP acquired a new stake in SentinelOne during the third quarter worth about $55,000. Finally, Blue Trust Inc. raised its position in SentinelOne by 105.9% during the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after acquiring an additional 1,223 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Price Performance

S stock opened at $23.93 on Monday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The firm has a market capitalization of $7.69 billion, a PE ratio of -25.45 and a beta of 0.75. The business has a 50 day simple moving average of $23.41 and a 200-day simple moving average of $24.20.

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

Analyst Ratings Changes

S has been the topic of several recent research reports. Citigroup lowered 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. Sanford C. Bernstein lowered their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Scotiabank lifted their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, December 5th. DA Davidson increased their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price target for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $29.56.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction that occurred 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. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,744,386.82. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,699 shares of company stock worth $6,712,815. Insiders own 5.60% of the company’s stock.

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.