Robocap Asset Management Ltd Has $1.90 Million Stake in SentinelOne, Inc. (NYSE:S)

Robocap Asset Management Ltd decreased its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 40.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,653 shares of the company's stock after selling 71,095 shares during the period. SentinelOne accounts for about 1.4% of Robocap Asset Management Ltd's portfolio, making the stock its 24th biggest position. Robocap Asset Management Ltd's holdings in SentinelOne were worth $1,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP raised its position in SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after buying an additional 4,206,900 shares during the last quarter. Norges Bank purchased a new stake in SentinelOne in the 4th quarter valued at $73,528,000. Point72 Asset Management L.P. purchased a new stake in SentinelOne in the 4th quarter valued at $63,120,000. Federated Hermes Inc. raised its position in SentinelOne by 368.5% in the 4th quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after buying an additional 2,047,430 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in SentinelOne by 71.8% in the 1st quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company's stock valued at $61,426,000 after purchasing an additional 1,411,626 shares during the period. Institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on S. Susquehanna reduced their price objective on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Stephens restated an "overweight" rating and issued a $25.00 target price on shares of SentinelOne in a research note on Tuesday, May 27th. Guggenheim restated a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a research note on Wednesday, May 21st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $19.00 target price (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Finally, Robert W. Baird lowered their price target on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.83.

Insider Activity

In related news, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $502,352.68. Following the transaction, the insider owned 1,030,544 shares in the company, valued at $18,838,344.32. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the transaction, the insider owned 596,332 shares in the company, valued at $10,900,948.96. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,347 shares of company stock worth $3,464,807. 4.33% of the stock is owned by corporate insiders.

SentinelOne Stock Performance

S traded up $0.02 during trading on Wednesday, reaching $18.53. The company's stock had a trading volume of 3,927,736 shares, compared to its average volume of 5,191,602. The company's fifty day moving average price is $18.60 and its 200-day moving average price is $20.02. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of -14.04 and a beta of 0.77. SentinelOne, Inc. has a 52-week low of $15.36 and a 52-week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data 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 net margin of 49.36% and a negative return on equity of 15.95%. The firm had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. The company's revenue for the quarter 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 year.

About SentinelOne

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.