Principal Financial Group Inc. Increases Holdings in SentinelOne, Inc. (NYSE:S)

Principal Financial Group Inc. increased its stake in SentinelOne, Inc. (NYSE:S) by 6.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,491 shares of the company’s stock after acquiring an additional 1,111 shares during the period. Principal Financial Group Inc.’s holdings in SentinelOne were worth $442,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised 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 acquiring an additional 434 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in SentinelOne by 19.3% in the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after purchasing an additional 743 shares during the last quarter. Archford Capital Strategies LLC boosted its position in shares of SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after buying an additional 790 shares during the period. Finally, Straight Path Wealth Management grew its stake in shares of SentinelOne by 4.9% during the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after buying an additional 1,000 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Performance

SentinelOne stock opened at $28.54 on Monday. The stock has a market cap of $9.05 billion, a PE ratio of -30.69 and a beta of 0.65. The stock has a 50-day moving average of $25.67 and a two-hundred day moving average of $22.78. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the firm posted ($0.26) EPS. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This represents a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the sale, the insider now directly owns 636,699 shares in the company, valued at approximately $14,637,710.01. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,125 shares of company stock worth $10,367,734. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

S has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. BTIG Research lifted their target price on SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Susquehanna increased their price target on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley lifted their price objective on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

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.