Transcend Capital Advisors LLC Invests $255,000 in SentinelOne, Inc. (NYSE:S)

Transcend Capital Advisors LLC acquired a new position in SentinelOne, Inc. (NYSE:S) in the fourth quarter, Holdings Channel.com reports. The fund acquired 11,475 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC purchased a new position in SentinelOne in the 3rd quarter worth $80,604,000. Sylebra Capital LLC raised its stake in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares during the last quarter. Atreides Management LP raised its stake in SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring an additional 2,200,594 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in SentinelOne in the 3rd quarter worth $30,972,000. Finally, Wellington Management Group LLP purchased a new position in SentinelOne in the 3rd quarter worth $27,000,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $25.00 in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Sanford C. Bernstein reduced their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Barclays reduced their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.48.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $22.15 on Monday. The stock has a market cap of $7.12 billion, a P/E ratio of -23.56 and a beta of 0.75. The stock’s 50 day simple moving average is $23.12 and its 200-day simple moving average is $24.35. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $29.29.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. As a group, research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,744,386.82. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the transaction, the chief executive officer now owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 357,341 shares of company stock worth $8,423,765. Insiders own 5.60% of the company’s stock.

SentinelOne 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.