Brooklyn FI LLC Boosts Stock Position in SentinelOne, Inc. (NYSE:S)

Brooklyn FI LLC grew its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 1,688.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,000 shares of the company's stock after acquiring an additional 152,000 shares during the period. Brooklyn FI LLC owned 0.05% of SentinelOne worth $3,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after acquiring an additional 556 shares in the last quarter. Avion Wealth bought a new stake in shares of SentinelOne in the 4th quarter valued at about $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC acquired a new stake in SentinelOne in the 4th quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in SentinelOne during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Stock Down 11.5%

NYSE:S traded down $2.26 on Thursday, hitting $17.41. The stock had a trading volume of 26,082,417 shares, compared to its average volume of 5,143,305. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The business's fifty day moving average is $18.61 and its 200 day moving average is $21.71. The company has a market cap of $5.74 billion, a PE ratio of -18.52 and a beta of 0.81.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The company had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm's quarterly revenue was up 22.9% on a year-over-year basis. Equities analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tomer Weingarten sold 81,619 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the transaction, the chief executive officer now directly owns 879,494 shares of the company's stock, valued at $17,229,287.46. This represents a 8.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 10,624 shares of SentinelOne stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the completion of the sale, the insider now directly owns 488,122 shares in the company, valued at $9,650,171.94. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,914 shares of company stock worth $7,830,519 over the last 90 days. 4.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

S has been the subject of several research reports. Canaccord Genuity Group reduced their price objective on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Bank of America restated a "neutral" rating and set a $21.00 target price on shares of SentinelOne in a research note on Thursday. Scotiabank cut their price objective on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. DA Davidson decreased their target price on SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.77.

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.