SentinelOne, Inc. (NYSE:S) Shares Sold by Robocap Asset Management Ltd

Robocap Asset Management Ltd lowered its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 40.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,653 shares of the company's stock after selling 71,095 shares during the quarter. SentinelOne accounts for about 1.4% of Robocap Asset Management Ltd's portfolio, making the stock its 24th largest position. Robocap Asset Management Ltd's holdings in SentinelOne were worth $1,903,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of S. 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 acquiring an additional 4,206,900 shares during the period. Norges Bank purchased a new stake in shares of SentinelOne in the fourth quarter valued at $73,528,000. Point72 Asset Management L.P. purchased a new stake in shares of SentinelOne in the fourth quarter valued at $63,120,000. Federated Hermes Inc. raised its stake in shares of SentinelOne by 368.5% in the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after acquiring an additional 2,047,430 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of SentinelOne by 71.8% in the first quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company's stock valued at $61,426,000 after acquiring an additional 1,411,626 shares during the period. Institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on S shares. JPMorgan Chase & Co. reissued 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. Wells Fargo & Company reissued an "equal weight" rating and issued a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Needham & Company LLC reduced their target price on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Sanford C. Bernstein reduced their price target on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, May 29th. Finally, Susquehanna reduced their price target on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research note on Thursday, May 29th. Ten investment 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.83.

SentinelOne Stock Down 3.4%

Shares of SentinelOne stock traded down $0.61 on Friday, reaching $17.31. The stock had a trading volume of 4,287,387 shares, compared to its average volume of 5,191,956. The company has a 50 day moving average price of $18.56 and a 200 day moving average price of $19.96. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The stock has a market capitalization of $5.76 billion, a P/E ratio of -13.11 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $228.39 million. The business's revenue was up 22.9% on a year-over-year basis. On average, analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $202,853.16. Following the transaction, the insider owned 596,332 shares of the company's stock, valued at $10,900,948.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $502,352.68. Following the completion of the transaction, the insider directly owned 1,030,544 shares in the company, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,347 shares of company stock valued at $3,464,807 in the last 90 days. Insiders own 4.33% of the company's stock.

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.