Hamilton Lane Advisors LLC Takes $2.42 Million Position in SentinelOne, Inc. (NYSE:S)

Hamilton Lane Advisors LLC purchased a new position in shares of SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 108,969 shares of the company’s stock, valued at approximately $2,419,000. SentinelOne accounts for approximately 2.3% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 6th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its holdings in SentinelOne by 43.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock worth $821,000 after acquiring an additional 11,800 shares during the period. Victory Capital Management Inc. lifted its position in shares of SentinelOne by 12.7% during the second quarter. Victory Capital Management Inc. now owns 33,944 shares of the company’s stock worth $715,000 after purchasing an additional 3,836 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of SentinelOne by 3.6% in the second quarter. American Century Companies Inc. now owns 42,646 shares of the company’s stock valued at $898,000 after purchasing an additional 1,470 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in SentinelOne during the 2nd quarter valued at $36,237,000. Finally, Dimensional Fund Advisors LP increased its stake in SentinelOne by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock worth $77,299,000 after buying an additional 590,628 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $266,831.25. Following the sale, the chief executive officer now directly owns 1,029,332 shares in the company, valued at $27,019,965. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the transaction, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 358,135 shares of company stock worth $8,757,911. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on S shares. Guggenheim restated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Barclays lowered 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Finally, Scotiabank lifted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. Seven 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.48.

SentinelOne Price Performance

Shares of S opened at $21.73 on Thursday. The firm has a fifty day moving average of $24.95 and a 200-day moving average of $23.92. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data 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). 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 prior year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

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.