Penserra Capital Management LLC Cuts Stock Position in SentinelOne, Inc. (NYSE:S)

Penserra Capital Management LLC decreased its position in shares of SentinelOne, Inc. (NYSE:S) by 22.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,266,403 shares of the company’s stock after selling 654,748 shares during the period. SentinelOne accounts for 1.2% of Penserra Capital Management LLC’s holdings, making the stock its 19th biggest position. Penserra Capital Management LLC’s holdings in SentinelOne were worth $54,212,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of S. Waldron Private Wealth LLC acquired a new stake in SentinelOne in the third quarter worth about $26,000. Blue Trust Inc. purchased a new stake in SentinelOne during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC grew its position in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in shares of SentinelOne in the second quarter worth $49,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Price Performance

Shares of S stock opened at $28.54 on Friday. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The company has a market cap of $9.05 billion, a price-to-earnings ratio of -30.69 and a beta of 0.65. The stock has a 50 day simple moving average of $25.67 and a 200-day simple moving average of $22.77.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. Analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Wells Fargo & Company increased their price objective on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Susquehanna lifted their target price on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, September 5th. Morgan Stanley increased their price target on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Barclays lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.73.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock worth $10,367,734 in the last 90 days. Insiders own 5.60% of the company’s stock.

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.