Liberty Wealth Management LLC Sells 19,333 Shares of SentinelOne, Inc. (NYSE:S)

Key Points

• Liberty Wealth Management LLC has reduced its holdings in SentinelOne, Inc. by 57.2%, selling 19,333 shares and now owning 14,447 shares valued at $263,000.
• Several other institutional investors, including LPL Financial LLC and Prudential Financial Inc., have increased their positions in SentinelOne, reflecting a strong interest from institutional investors with 90.87% ownership in total.
• Analysts have mixed ratings with a consensus of "Moderate Buy" for SentinelOne, as ten analysts rated it a hold and seventeen rated it buy, while target prices range from $18.00 to $24.00.

Liberty Wealth Management LLC lowered its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 57.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,447 shares of the company's stock after selling 19,333 shares during the quarter. Liberty Wealth Management LLC's holdings in SentinelOne were worth $263,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in S. Sylebra Capital LLC lifted its holdings in shares of SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company's stock worth $213,415,000 after buying an additional 564,327 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of SentinelOne by 6.4% during the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock worth $145,052,000 after buying an additional 392,986 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock worth $128,494,000 after buying an additional 900,577 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock valued at $96,898,000 after purchasing an additional 2,558,702 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after purchasing an additional 4,206,900 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the sale, the insider owned 596,332 shares of the company's stock, valued at $10,900,948.96. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 23,518 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $18.30, for a total value of $430,379.40. Following the sale, the insider directly owned 1,007,026 shares in the company, valued at approximately $18,428,575.80. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,096 shares of company stock worth $1,135,585. 4.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

S has been the subject of a number of recent research reports. Susquehanna cut their target price on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. UBS Group cut their target price on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Sanford C. Bernstein cut their target price on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Cantor Fitzgerald restated an "overweight" rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, May 23rd. Finally, Roth Mkm began coverage on SentinelOne in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Trading Down 3.7%

SentinelOne stock traded down $0.63 during mid-day trading on Thursday, hitting $16.68. The stock had a trading volume of 9,109,534 shares, compared to its average volume of 5,756,206. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The stock has a market capitalization of $5.54 billion, a PE ratio of -12.63 and a beta of 0.77. The stock has a 50-day simple moving average of $18.12 and a two-hundred day simple moving average of $19.47.

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. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The firm had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. The company's revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

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.