Wellington Management Group LLP Increases Holdings in SentinelOne, Inc. $S

Key Points

• Wellington Management significantly increased its SentinelOne stake by 216% in the second quarter, adding 3.43 million shares to own 5.02 million shares, or 1.46% of the company. Institutional investors collectively hold 90.87% of SentinelOne.
• SentinelOne reported quarterly revenue of $291.98 million, up 20.6% year over year, and EPS of $0.08, beating analysts’ estimates. Despite the earnings beat, the company remained unprofitable with a negative net margin of 30.95%.
• Analyst sentiment is generally positive: SentinelOne has a consensus “Moderate Buy” rating and an average price target of $23.33, compared with a recent share price of $19.69.

Wellington Management Group LLP raised its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 216.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,015,311 shares of the company's stock after purchasing an additional 3,428,192 shares during the period. Wellington Management Group LLP owned 1.46% of SentinelOne worth $85,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of S. First Trust Advisors LP boosted its holdings in SentinelOne by 38.1% in the fourth quarter. First Trust Advisors LP now owns 13,146,797 shares of the company's stock valued at $197,202,000 after acquiring an additional 3,624,707 shares in the last quarter. Legal & General Group Plc increased its position in shares of SentinelOne by 4.2% during the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company's stock valued at $128,278,000 after buying an additional 346,014 shares during the period. AQR Capital Management LLC increased its position in shares of SentinelOne by 93.4% during the fourth quarter. AQR Capital Management LLC now owns 8,212,127 shares of the company's stock valued at $123,182,000 after buying an additional 3,965,519 shares during the period. State Street Corp lifted its stake in shares of SentinelOne by 2.0% in the 4th quarter. State Street Corp now owns 5,709,330 shares of the company's stock valued at $85,640,000 after purchasing an additional 110,834 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of SentinelOne by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 5,574,144 shares of the company's stock valued at $83,630,000 after purchasing an additional 226,173 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Price Performance

S stock opened at $19.69 on Thursday. The stock has a market capitalization of $6.75 billion, a P/E ratio of -19.49 and a beta of 0.77. SentinelOne, Inc. has a 1-year low of $11.81 and a 1-year high of $23.95. The business has a fifty day moving average price of $19.68 and a 200-day moving average price of $16.47.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The company had revenue of $291.98 million for the quarter, compared to analysts' expectations of $290.24 million. During the same period last year, the firm posted ($0.22) earnings per share. SentinelOne's revenue was up 20.6% compared to the same quarter last year. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, analysts anticipate that SentinelOne, Inc. will post -0.45 earnings per share for the current year.

Insider Transactions at SentinelOne

In other news, COO Barry L. Padgett sold 9,778 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total transaction of $196,440.02. Following the completion of the transaction, the chief operating officer directly owned 977,430 shares of the company's stock, valued at $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ana G. Pinczuk sold 6,230 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total transaction of $125,160.70. Following the transaction, the insider owned 737,716 shares in the company, valued at approximately $14,820,714.44. This trade represents a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 423,705 shares of company stock valued at $7,369,527. Company insiders own 4.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on S. JPMorgan Chase & Co. raised their price objective on SentinelOne from $18.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, August 21st. Susquehanna upped their target price on shares of SentinelOne from $20.00 to $28.00 and gave the stock a "positive" rating in a research report on Monday. Bank of America upgraded shares of SentinelOne from a "neutral" rating to a "buy" rating and increased their price target for the stock from $16.00 to $20.00 in a research note on Friday, May 29th. UBS Group lifted their price target on shares of SentinelOne from $16.00 to $24.00 and gave the company a "neutral" rating in a research report on Friday, August 28th. Finally, Sanford C. Bernstein upped their price objective on shares of SentinelOne from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.33.

SentinelOne Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne's solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company's flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.

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