SentinelOne, Inc. (NYSE:S) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 317,385 shares of the company’s stock after selling 24,546 shares during the quarter. SentinelOne comprises 0.8% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 28th largest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in SentinelOne were worth $7,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the second quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of SentinelOne in the fourth quarter valued at $30,000. Sugarloaf Wealth Management LLC grew its stake in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of SentinelOne in the second quarter valued at $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

S opened at $25.99 on Thursday. The business’s 50-day simple moving average is $23.74 and its 200-day simple moving average is $21.80. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76. The stock has a market capitalization of $8.13 billion, a P/E ratio of -25.48 and a beta of 0.67.

SentinelOne (NYSE:S) last posted its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. On average, equities research analysts forecast that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the transaction, the insider now owns 639,834 shares in the company, valued at $15,061,692.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the transaction, the insider now owns 639,834 shares in the company, valued at $15,061,692.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the transaction, the chief financial officer now owns 504,085 shares in the company, valued at $10,363,987.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 489,850 shares of company stock worth $11,034,964 in the last quarter. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on S shares. Barclays lifted their price objective on SentinelOne from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Susquehanna lifted their price objective on SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research note on Thursday, September 5th. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. Scotiabank lifted their target price on SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their target price on SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.00.

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.