Two Sigma Investments LP Sells 78,103 Shares of SentinelOne, Inc. (NYSE:S)

Two Sigma Investments LP lessened its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 48.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,800 shares of the company's stock after selling 78,103 shares during the quarter. Two Sigma Investments LP's holdings in SentinelOne were worth $1,838,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares during the last quarter. Avion Wealth acquired a new position in SentinelOne during the fourth quarter worth $28,000. Arlington Trust Co LLC acquired a new position in SentinelOne during the fourth quarter worth $33,000. Crewe Advisors LLC acquired a new position in SentinelOne during the fourth quarter worth $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Stock Performance

Shares of NYSE S traded down $0.21 during mid-day trading on Wednesday, reaching $17.94. The company had a trading volume of 4,802,939 shares, compared to its average volume of 5,059,834. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The stock has a market capitalization of $5.91 billion, a PE ratio of -19.09 and a beta of 0.81. The stock's 50 day moving average is $18.43 and its 200-day moving average is $21.41.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne's revenue was up 22.9% compared to the same quarter last year. On average, sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other SentinelOne news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now owns 230,685 shares of the company's stock, valued at approximately $4,509,891.75. The trade was a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 10,624 shares of SentinelOne stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $210,036.48. Following the transaction, the insider now directly owns 488,122 shares in the company, valued at approximately $9,650,171.94. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,914 shares of company stock worth $7,830,519 over the last quarter. Company insiders own 4.33% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on S shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $19.00 price target (down from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Barclays lowered their price target on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday, May 29th. Roth Mkm began coverage on SentinelOne in a research report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price target for the company. Morgan Stanley reduced their price objective on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.77.

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.