Calamos Advisors LLC Lowers Position in SentinelOne, Inc. (NYSE:S)

Calamos Advisors LLC trimmed its position in shares of SentinelOne, Inc. (NYSE:S) by 75.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,868 shares of the company’s stock after selling 71,468 shares during the quarter. Calamos Advisors LLC’s holdings in SentinelOne were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in shares of SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after buying an additional 898 shares during the last quarter. Bullseye Asset Management LLC raised its position in SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after acquiring an additional 1,000 shares during the period. MetLife Investment Management LLC boosted its stake in SentinelOne by 17.4% in the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after acquiring an additional 1,012 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of SentinelOne during the 3rd quarter valued at approximately $26,000. Finally, Principal Financial Group Inc. increased its stake in shares of SentinelOne by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock worth $442,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of S stock opened at $24.10 on Thursday. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market cap of $7.75 billion, a P/E ratio of -25.64 and a beta of 0.75. The business’s 50 day moving average price is $23.57 and its 200-day moving average price is $24.20.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same period in the previous year, the firm posted ($0.21) EPS. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on S. UBS Group lowered shares of SentinelOne from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $25.00 in a research report on Wednesday, January 15th. Robert W. Baird raised their price objective on shares of SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Guggenheim restated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $29.00 price target on shares of SentinelOne in a research report on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $29.56.

Insider Activity

In related news, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the sale, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Monday, January 27th. The shares were sold at an average price of $23.29, for a total value of $339,638.07. Following the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,377,680.11. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 344,835 shares of company stock worth $8,365,183. Corporate insiders own 5.60% of the company’s stock.

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.