Islay Capital Management LLC Cuts Stake in SentinelOne, Inc. (NYSE:S)

Islay Capital Management LLC cut its holdings in shares of SentinelOne, Inc. (NYSE:S) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,000 shares of the company’s stock after selling 500 shares during the quarter. Islay Capital Management LLC’s holdings in SentinelOne were worth $27,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Montag A & Associates Inc. increased its stake in shares of SentinelOne by 143.0% in the third quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after buying an additional 1,200 shares during the period. Acadian Asset Management LLC purchased a new position in shares of SentinelOne in the third quarter valued at about $38,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of SentinelOne during the third quarter valued at about $55,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of SentinelOne by 16.4% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company’s stock worth $108,000 after purchasing an additional 900 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of SentinelOne by 33.2% during the third quarter. Harbor Capital Advisors Inc. now owns 9,571 shares of the company’s stock worth $161,000 after purchasing an additional 2,387 shares during the period. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on S shares. Needham & Company LLC boosted their price target on SentinelOne from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Wedbush upped their target price on SentinelOne from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Monday, April 1st. Bank of America raised shares of SentinelOne from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.50 to $35.00 in a research report on Wednesday, February 14th. Finally, Morgan Stanley raised their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.08.

Insider Activity at SentinelOne

In other news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the transaction, the insider now directly owns 5,025 shares of the company’s stock, valued at $116,077.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of SentinelOne stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $23.10, for a total value of $197,874.60. Following the completion of the sale, the insider now directly owns 5,025 shares in the company, valued at $116,077.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 2,207 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $27.68, for a total transaction of $61,089.76. Following the transaction, the insider now directly owns 455,374 shares of the company’s stock, valued at $12,604,752.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 296,833 shares of company stock valued at $7,717,085. 5.93% of the stock is owned by corporate insiders.

SentinelOne Price Performance

S stock traded down $0.34 during trading on Tuesday, hitting $21.36. 1,219,542 shares of the stock traded hands, compared to its average volume of 5,680,608. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of -18.34 and a beta of 0.66. SentinelOne, Inc. has a 1 year low of $12.43 and a 1 year high of $30.76. The firm’s 50 day moving average is $23.90 and its two-hundred day moving average is $23.01.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $174.18 million for the quarter, compared to the consensus estimate of $169.40 million. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The business’s revenue was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. As a group, analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.