Diamond Hill Capital Management LLC Investment Advisor Invests $59.61 Million in SentinelOne, Inc. $S

Key Points

• Diamond Hill Capital Management bought 3.51 million SentinelOne shares worth approximately $59.6 million, giving it a 1.02% stake. Institutional investors collectively own 90.87% of the cybersecurity company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $20.14, although recent target changes were mixed.
• SentinelOne reported quarterly EPS of $0.04, beating estimates of $0.02, while revenue rose 20.8% year over year to $276.66 million. The stock opened at $23.10, near its 52-week high of $23.95.

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,512,495 shares of the company's stock, valued at approximately $59,607,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 1.02% of SentinelOne at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in S. Vanguard Group Inc. lifted its holdings in shares of SentinelOne by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company's stock worth $547,988,000 after buying an additional 520,142 shares in the last quarter. Caprock Group LLC boosted its position in shares of SentinelOne by 2,275.2% during the fourth quarter. Caprock Group LLC now owns 7,749,446 shares of the company's stock worth $116,242,000 after acquiring an additional 7,423,177 shares during the last quarter. Maxi Investments CY Ltd grew its stake in SentinelOne by 63.3% during the fourth quarter. Maxi Investments CY Ltd now owns 245,000 shares of the company's stock valued at $3,675,000 after acquiring an additional 95,000 shares in the last quarter. Swedbank AB grew its stake in SentinelOne by 8.0% during the fourth quarter. Swedbank AB now owns 3,809,314 shares of the company's stock valued at $57,140,000 after acquiring an additional 280,587 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in SentinelOne by 17.6% in the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company's stock valued at $32,457,000 after acquiring an additional 377,542 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ana G. Pinczuk sold 6,230 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $20.09, for a total transaction of $125,160.70. Following the transaction, the insider directly owned 737,716 shares in the company, valued at approximately $14,820,714.44. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Keenan Michael Conder sold 26,374 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $20.08, for a total transaction of $529,589.92. Following the transaction, the insider owned 956,358 shares in the company, valued at $19,203,668.64. The trade was a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 423,705 shares of company stock valued at $7,369,527. 4.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James Financial cut shares of SentinelOne from a "strong-buy" rating to a "market perform" rating and set a $18.00 price target on the stock. in a research note on Friday, May 29th. Scotiabank upgraded SentinelOne from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $16.00 to $23.50 in a research report on Monday, July 6th. Canaccord Genuity Group lifted their target price on SentinelOne from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, May 29th. DA Davidson decreased their target price on SentinelOne from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, May 29th. Finally, Weiss Ratings raised SentinelOne from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 21st. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.14.

SentinelOne Price Performance

NYSE:S opened at $23.10 on Monday. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of -24.07 and a beta of 0.79. The business has a 50 day simple moving average of $18.06 and a 200-day simple moving average of $15.78. SentinelOne, Inc. has a 1 year low of $11.81 and a 1 year high of $23.95.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $276.66 million for the quarter, compared to analyst estimates of $277.31 million. SentinelOne had a negative return on equity of 15.35% and a negative net margin of 30.39%.SentinelOne's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. SentinelOne has set its Q2 2027 guidance at 0.060-0.080 EPS and its FY 2027 guidance at 0.320-0.380 EPS. As a group, analysts expect that SentinelOne, Inc. will post -0.44 earnings per share for the current fiscal year.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne's solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company's flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.

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