Sylebra Capital LLC Raises Position in SentinelOne, Inc. $S

Key Points

• Sylebra Capital LLC increased its stake in SentinelOne, Inc. by 10.0%, owning over 10.5 million shares worth approximately $192 million, making it the firm's 5th largest holding.
• Insider selling was noted, including a sale of 23,518 shares by Ric Smith, the insider's stake decreasing by 2.28% as a result.
• Wall Street analysts have mixed views on SentinelOne, with a consensus rating of "Moderate Buy" and an average target price of $24.29.

Sylebra Capital LLC boosted its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,573,052 shares of the company's stock after purchasing an additional 959,771 shares during the period. SentinelOne comprises 9.7% of Sylebra Capital LLC's portfolio, making the stock its 5th largest holding. Sylebra Capital LLC owned about 3.21% of SentinelOne worth $192,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. CENTRAL TRUST Co bought a new position in shares of SentinelOne during the 1st quarter valued at $26,000. Parallel Advisors LLC increased its position in SentinelOne by 94.0% during 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 last quarter. GAMMA Investing LLC lifted its holdings in SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after acquiring an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in SentinelOne in the fourth quarter worth about $38,000. Finally, Versant Capital Management Inc boosted its position in SentinelOne by 510.9% in the first quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after purchasing an additional 1,921 shares during the last quarter. Institutional investors own 90.87% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on S. Rosenblatt Securities began coverage on shares of SentinelOne in a research report on Friday, July 18th. They set a "buy" rating and a $24.00 price target for the company. Scotiabank upped their target price on shares of SentinelOne from $18.00 to $21.00 and gave the company a "sector perform" rating in a report on Friday, August 29th. BTIG Research reiterated a "neutral" rating on shares of SentinelOne in a research report on Monday, August 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $24.00 price target on shares of SentinelOne in a research note on Friday, August 29th. Finally, Stephens restated an "overweight" rating and issued a $25.00 price objective on shares of SentinelOne in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

Insider Activity

In related news, insider Ric Smith sold 24,515 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $458,185.35. Following the completion of the transaction, the insider owned 951,541 shares of the company's stock, valued at approximately $17,784,301.29. This represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Robin Tomasello sold 8,508 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $159,014.52. Following the completion of the sale, the chief accounting officer owned 297,536 shares of the company's stock, valued at $5,560,947.84. The trade was a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,959 shares of company stock worth $3,203,064 in the last quarter. Corporate insiders own 4.33% of the company's stock.

SentinelOne Stock Down 2.3%

NYSE:S traded down $0.43 during trading hours on Tuesday, hitting $18.00. 5,475,953 shares of the stock traded hands, compared to its average volume of 6,977,575. The company has a market cap of $6.00 billion, a price-to-earnings ratio of -13.64 and a beta of 0.78. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The stock has a 50 day moving average price of $17.85 and a 200 day moving average price of $18.37.

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.