WCM Investment Management LLC Sells 10,664 Shares of SentinelOne, Inc. (NYSE:S)

WCM Investment Management LLC decreased its stake in shares of SentinelOne, Inc. (NYSE:S) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 543,423 shares of the company’s stock after selling 10,664 shares during the quarter. WCM Investment Management LLC owned about 0.17% of SentinelOne worth $12,205,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of S. Champlain Investment Partners LLC purchased a new stake in shares of SentinelOne during the 3rd quarter worth approximately $80,604,000. Sylebra Capital LLC increased its position in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP raised its stake in 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 purchasing an additional 2,200,594 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in SentinelOne during the third quarter valued at $30,972,000. Finally, Wellington Management Group LLP purchased a new position in shares of SentinelOne in the 3rd quarter worth $27,000,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,744,386.82. The trade was a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,699 shares of company stock worth $6,712,815. 5.60% of the stock is owned by corporate insiders.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $23.93 on Monday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of -25.45 and a beta of 0.75. The firm’s 50-day moving average is $23.41 and its two-hundred day moving average is $24.20.

SentinelOne (NYSE:S) last issued its quarterly earnings data 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). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) earnings per share. On average, equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on S. Robert W. Baird increased their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $32.00 in a research report on Monday, October 14th. DA Davidson raised their price target on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average price target of $29.56.

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.