Stanley Laman Group Ltd. Grows Position in SentinelOne, Inc. (NYSE:S)

Stanley Laman Group Ltd. boosted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 84.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 387,640 shares of the company's stock after buying an additional 177,189 shares during the quarter. SentinelOne accounts for approximately 1.1% of Stanley Laman Group Ltd.'s holdings, making the stock its 14th biggest position. Stanley Laman Group Ltd. owned approximately 0.12% of SentinelOne worth $7,047,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of S. Smartleaf Asset Management LLC lifted its holdings in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares during the period. Avion Wealth purchased a new stake in SentinelOne during the fourth quarter valued at $28,000. Parallel Advisors LLC lifted its holdings in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after acquiring an additional 942 shares during the period. GAMMA Investing LLC boosted its position in SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

S has been the subject of a number of analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $24.00 price target on shares of SentinelOne in a research report on Friday, May 23rd. Roth Capital set a $26.00 target price on SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler decreased their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, DA Davidson decreased their price target on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note 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.com, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $24.83.

Insiders Place Their Bets

In other news, 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 transaction of $430,379.40. Following the completion of the sale, the insider now directly owns 1,007,026 shares in the company, valued at approximately $18,428,575.80. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 81,619 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the transaction, the chief executive officer now directly owns 879,494 shares in the company, valued at approximately $17,229,287.46. The trade was a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 413,967 shares of company stock valued at $7,674,963. 4.33% of the stock is currently owned by insiders.

SentinelOne Stock Down 3.4%

Shares of S stock traded down $0.61 on Friday, hitting $17.27. The stock had a trading volume of 5,799,520 shares, compared to its average volume of 5,110,172. SentinelOne, Inc. has a one year low of $15.36 and a one year high of $29.29. The business has a 50 day moving average price of $18.43 and a 200 day moving average price of $20.99. The company has a market cap of $5.69 billion, a PE ratio of -18.37 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. The firm's revenue was up 22.9% on a year-over-year basis. Equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS 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.