In a recent transaction, Insight Holdings Group, LLC, a significant shareholder in SentinelOne , Inc. (NYNYSE:SE:S), reported selling shares of the cybersecurity company. The sales, which took place on April 1, 2024, involved a total of 590 shares of Class A Common Stock at an average price of $23.1 per share, amounting to approximately $13,629 in value.
The shares were sold in multiple transactions at prices that ranged from $23.00 to $23.36. The exact number of shares sold at each price point within this range can be provided upon request, as noted in the footnotes of the SEC filing.
Post-transaction, the reporting entities associated with Insight Holdings Group, which include Insight Partners Fund X Follow-On Fund, L.P., Insight Partners Fund X (Cayman) Follow-On Fund, L.P., Insight Partners Fund X (Delaware) Follow-On Fund, L.P., and Insight Partners Fund X (Co-Investors) Follow-On Fund, L.P., continue to hold substantial positions in SentinelOne, Inc. The specific holdings in SentinelOne following the transactions are 59,769 shares, 85,089 shares, 10,418 shares, and 5,764 shares respectively.
The transactions were reported in line with SEC requirements, and the filing included signatures from authorized officers of the reporting entities, with Andrew Prodromos acting as Attorney-in-Fact.
SentinelOne, Inc., headquartered in Mountain View, California, specializes in autonomous cybersecurity solutions and is recognized for its AI-driven products that provide real-time threat protection for enterprises.
InvestingPro Insights
Following the recent transactions involving Insight Holdings Group's share sales of SentinelOne, Inc. (NYSE:S), a dive into the company's financial metrics and analyst expectations provides further context for investors. SentinelOne has a market capitalization of $6.93 billion and is trading at a high revenue valuation multiple, with a price-to-book ratio of 4.34 as of the last twelve months ending Q4 2024. Despite not being profitable over the last twelve months, with an adjusted operating income of approximately -$371.71 million, analysts are optimistic, predicting that the company will turn profitable this year.
InvestingPro Tips indicate that SentinelOne holds more cash than debt on its balance sheet and has liquid assets that exceed its short-term obligations, suggesting a sound financial position in the near term. However, it's worth noting that 18 analysts have revised their earnings estimates downwards for the upcoming period, which could be a point of concern for potential investors. Additionally, the stock has experienced a significant price uptick over the last six months, showing a total return of 34.64%, but it has fared poorly over the last month with a -17.47% return.
For those interested in a deeper analysis of SentinelOne's financial health and future prospects, InvestingPro offers additional insights and tips. There are more tips available on the platform, which can be accessed with the use of coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription. The next earnings date for SentinelOne is set for May 31, 2024, which will be a pivotal moment for the company and its shareholders.
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