Sylebra Capital LLC grew its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,613,281 shares of the company's stock after acquiring an additional 564,327 shares during the quarter. SentinelOne comprises about 8.0% of Sylebra Capital LLC's portfolio, making the stock its 6th biggest position. Sylebra Capital LLC owned approximately 2.99% of SentinelOne worth $213,415,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn FI LLC increased its holdings in shares of SentinelOne by 1,688.9% in the 4th quarter. Brooklyn FI LLC now owns 161,000 shares of the company's stock valued at $3,574,000 after acquiring an additional 152,000 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of SentinelOne in the 4th quarter valued at $97,000. Castleark Management LLC purchased a new position in shares of SentinelOne in the 4th quarter valued at $6,591,000. Ashford Capital Management Inc. grew its stake in SentinelOne by 16.4% during the 4th quarter. Ashford Capital Management Inc. now owns 766,355 shares of the company's stock worth $17,013,000 after buying an additional 107,920 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in SentinelOne during the 4th quarter worth $94,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other SentinelOne news, insider Ric Smith sold 3,187 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $59,086.98. Following the completion of the sale, the insider now directly owns 1,058,025 shares in the company, valued at approximately $19,615,783.50. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the sale, the chief financial officer now owns 473,223 shares of the company's stock, valued at approximately $9,355,618.71. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is owned by company insiders.
SentinelOne Price Performance
NYSE S traded down $0.41 during trading hours on Wednesday, reaching $19.67. The company's stock had a trading volume of 10,317,749 shares, compared to its average volume of 5,060,377. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of -20.93 and a beta of 0.81. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29. The company's 50-day moving average is $18.61 and its two-hundred day moving average is $21.71.
Wall Street Analyst Weigh In
S has been the topic of several research analyst reports. Stephens restated an "overweight" rating and set a $25.00 target price on shares of SentinelOne in a research note on Tuesday. Wells Fargo & Company dropped their target price on SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Jefferies Financial Group dropped their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald restated an "overweight" rating and set a $24.00 target price on shares of SentinelOne in a research note on Friday, May 23rd. Finally, Bank of America dropped their target price on SentinelOne from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of "Moderate Buy" and a consensus price target of $26.10.
Check Out Our Latest Analysis on SentinelOne
About SentinelOne
(
Free Report)
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.
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