Ceera Investments LLC Sells 7,225 Shares of SentinelOne, Inc. (NYSE:S)

Ceera Investments LLC decreased its position in shares of SentinelOne, Inc. (NYSE:S) by 4.6% in the 4th quarter, HoldingsChannel reports. The fund owned 151,345 shares of the company’s stock after selling 7,225 shares during the period. Ceera Investments LLC’s holdings in SentinelOne were worth $3,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of S. Champlain Investment Partners LLC bought a new stake in shares of SentinelOne during the third quarter valued at approximately $80,604,000. Sylebra Capital LLC increased its holdings in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Atreides Management LP increased its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SentinelOne during the fourth quarter valued at approximately $26,082,000. Finally, Wellington Management Group LLP bought a new stake in shares of SentinelOne during the third quarter valued at approximately $27,000,000. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

S has been the subject of several recent research reports. Sanford C. Bernstein decreased their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank lifted their target price on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Robert W. Baird lifted their target price on SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. lifted their target price on SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Finally, Morgan Stanley cut their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.48.

SentinelOne Price Performance

Shares of S opened at $19.84 on Friday. The firm has a market cap of $6.37 billion, a PE ratio of -21.10 and a beta of 0.78. The stock’s fifty day moving average price is $22.65 and its two-hundred day moving average price is $24.19. 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 (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,658,092.02. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the completion of the transaction, the chief accounting officer now owns 230,685 shares in the company, valued at $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 437,968 shares of company stock worth $10,020,586. 5.60% of the stock is owned by company insiders.

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.