286,778 Shares in SentinelOne, Inc. $S Acquired by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP acquired 286,778 shares of SentinelOne, Inc., valued at approximately $5.2 million, representing 0.09% of the company as of its latest SEC filing.
• Institutional investors currently own 90.87% of SentinelOne's stock, with significant increases in holdings noted from firms like Vanguard and Massachusetts Financial Services.
• Analysts have a consensus rating of "Moderate Buy" on SentinelOne, with an average price target of $24.33 following various upgrades from investment firms.

Kodai Capital Management LP bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 286,778 shares of the company's stock, valued at approximately $5,214,000. Kodai Capital Management LP owned 0.09% of SentinelOne as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in SentinelOne by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock worth $567,214,000 after acquiring an additional 1,318,533 shares in the last quarter. Sylebra Capital LLC grew its holdings in SentinelOne by 6.2% during the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after acquiring an additional 564,327 shares in the last quarter. Eminence Capital LP grew its holdings in SentinelOne by 6.4% during the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock worth $145,052,000 after acquiring an additional 392,986 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in SentinelOne by 92.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock worth $96,898,000 after acquiring an additional 2,558,702 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in SentinelOne by 12.3% during the 1st quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company's stock worth $92,537,000 after acquiring an additional 555,748 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Rosenblatt Securities assumed coverage on shares of SentinelOne in a report on Friday, July 18th. They set a "buy" rating and a $24.00 price target for the company. DA Davidson boosted their price target on shares of SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday. Jefferies Financial Group boosted their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday. UBS Group boosted their price target on shares of SentinelOne from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of SentinelOne from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.33.

SentinelOne Trading Up 7.4%

Shares of SentinelOne stock opened at $18.91 on Friday. The company has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.68. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of -14.33 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 15.96%. The business's quarterly revenue was up 22.9% on a year-over-year basis. On average, analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Keenan Michael Conder sold 5,827 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $100,865.37. Following the completion of the sale, the insider owned 590,505 shares in the company, valued at $10,221,641.55. This represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robin Tomasello sold 2,921 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the sale, the chief accounting officer owned 306,044 shares of the company's stock, valued at approximately $5,297,621.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,730 shares of company stock worth $2,366,017 in the last quarter. 4.33% of the stock is currently owned by company 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.

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