Sylebra Capital LLC Increases Stock Holdings in SentinelOne, Inc. (NYSE:S)

Sylebra Capital LLC boosted its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,613,281 shares of the company's stock after purchasing an additional 564,327 shares during the quarter. SentinelOne makes up 5.9% of Sylebra Capital LLC's investment portfolio, making the stock its 7th largest position. Sylebra Capital LLC owned about 2.99% of SentinelOne worth $213,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of SentinelOne by 74.8% in the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock valued at $1,269,000 after acquiring an additional 24,453 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in SentinelOne by 130.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock valued at $5,106,000 after purchasing an additional 130,000 shares in the last quarter. US Bancorp DE raised its stake in SentinelOne by 26.4% in the fourth quarter. US Bancorp DE now owns 49,873 shares of the company's stock valued at $1,107,000 after purchasing an additional 10,413 shares in the last quarter. Barclays PLC lifted its position in SentinelOne by 121.9% during the third quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after purchasing an additional 178,685 shares during the last quarter. Finally, Truist Financial Corp grew its stake in SentinelOne by 10.2% in the 4th quarter. Truist Financial Corp now owns 28,968 shares of the company's stock worth $643,000 after buying an additional 2,690 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ric Smith sold 20,188 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $394,675.40. Following the transaction, the insider now owns 508,930 shares in the company, valued at $9,949,581.50. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total transaction of $191,629.44. Following the sale, the chief executive officer now directly owns 1,571,060 shares in the company, valued at $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 417,914 shares of company stock worth $7,830,519. 4.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on S. Stephens restated an "overweight" rating and set a $25.00 price objective on shares of SentinelOne in a research report on Tuesday. Scotiabank lowered their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Roth Mkm assumed coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price target for the company. Susquehanna reduced their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. Finally, Guggenheim reissued a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.10.

SentinelOne Trading Up 1.5%

Shares of S stock traded up $0.29 during midday trading on Tuesday, reaching $20.05. 3,788,095 shares of the stock were exchanged, compared to its average volume of 5,037,592. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The firm has a market cap of $6.61 billion, a PE ratio of -21.33 and a beta of 0.81. The company's 50 day moving average is $18.59 and its two-hundred day moving average is $21.74.

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.