Bryce Point Capital LLC Cuts Stake in SentinelOne, Inc. (NYSE:S)

Key Points

• Bryce Point Capital LLC has reduced its stake in SentinelOne, Inc. by 34.5%, selling 26,099 shares, leaving it with a holding valued at $901,000.
• Institutional investors own 90.87% of SentinelOne's stock, with several funds significantly increasing their positions in the company recently.
• The company reported revenue of $229.03 million for the last quarter, a 22.9% increase year-over-year, despite a negative net margin.

Bryce Point Capital LLC cut its position in SentinelOne, Inc. (NYSE:S - Free Report) by 34.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,574 shares of the company's stock after selling 26,099 shares during the period. Bryce Point Capital LLC's holdings in SentinelOne were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock valued at $663,366,000 after purchasing an additional 399,056 shares during the last quarter. Sylebra Capital LLC lifted its stake in shares of SentinelOne by 6.2% in the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock valued at $213,415,000 after purchasing an additional 564,327 shares during the last quarter. Eminence Capital LP lifted its stake in shares of SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock valued at $145,052,000 after purchasing an additional 392,986 shares during the last quarter. Invesco Ltd. raised its holdings in shares of SentinelOne by 18.4% in the 4th quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after buying an additional 900,577 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of SentinelOne by 92.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock valued at $96,898,000 after buying an additional 2,558,702 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $191,629.44. Following the transaction, the chief executive officer owned 1,571,060 shares in the company, valued at approximately $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction on Monday, June 9th. The shares were sold at an average price of $18.30, for a total value of $430,379.40. Following the completion of the transaction, the insider owned 1,007,026 shares in the company, valued at $18,428,575.80. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,619 shares of company stock worth $1,386,302 over the last quarter. 4.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on S. Stephens restated an "overweight" rating and set a $25.00 price target on shares of SentinelOne in a report on Tuesday, May 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a research report on Friday, May 23rd. Roth Mkm initiated coverage on SentinelOne in a research report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective for the company. Rosenblatt Securities initiated coverage on SentinelOne in a research report on Friday, July 18th. They issued a "buy" rating and a $24.00 target price for the company. Finally, Sanford C. Bernstein decreased their target price on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Price Performance

SentinelOne stock traded down $0.50 during mid-day trading on Thursday, hitting $18.31. 3,686,245 shares of the company were exchanged, compared to its average volume of 5,702,173. The business's 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $19.62. The company has a market capitalization of $6.09 billion, a P/E ratio of -13.90 and a beta of 0.77. SentinelOne, Inc. has a 12-month low of $15.36 and a 12-month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The company had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. The business's revenue was up 22.9% compared to the same quarter last year. Equities research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

SentinelOne 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.