SentinelOne, Inc. $S Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in SentinelOne by 33.5%, selling 483,243 shares during the first quarter, resulting in ownership of 0.29% of the company.
• Several institutional investors have increased their positions in SentinelOne, with 90.87% of the company's stock now held by institutional investors.
• SentinelOne recently reported quarterly revenue of $229.03 million, representing a 22.9% increase from the previous year, while meeting earnings per share estimates of $0.02.

Wellington Management Group LLP trimmed its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 960,043 shares of the company's stock after selling 483,243 shares during the quarter. Wellington Management Group LLP owned 0.29% of SentinelOne worth $17,454,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in SentinelOne in the first quarter valued at $26,000. Parallel Advisors LLC boosted its holdings in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after purchasing an additional 942 shares during the last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 1,622 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne in the fourth quarter valued at $38,000. Finally, Versant Capital Management Inc boosted its holdings in SentinelOne by 510.9% in the first quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock valued at $42,000 after purchasing an additional 1,921 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

S traded up $1.30 during trading on Friday, hitting $18.91. The stock had a trading volume of 19,336,839 shares, compared to its average volume of 6,222,815. The company's 50-day moving average price is $17.80 and its 200 day moving average price is $18.68. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 15.96%. SentinelOne's quarterly revenue was up 22.9% compared to the same quarter last year. On average, sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 27,481 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $502,352.68. Following the transaction, the insider directly owned 1,030,544 shares of the company's stock, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 2,921 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the transaction, the chief accounting officer directly owned 306,044 shares in the company, valued at approximately $5,297,621.64. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of SentinelOne from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Friday. Jefferies Financial Group increased their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday. DA Davidson increased their price target on shares of SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday. Rosenblatt Securities assumed coverage on shares of SentinelOne in a report on Friday, July 18th. They set a "buy" rating and a $24.00 price target on the stock. Finally, Barclays increased their price target on shares of SentinelOne from $19.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

SentinelOne Company Profile

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.