State Street Corp Buys 516,244 Shares of SentinelOne, Inc. (NYSE:S)

State Street Corp lifted its stake in shares of SentinelOne, Inc. (NYSE:S) by 11.3% in the third quarter, HoldingsChannel reports. The fund owned 5,072,097 shares of the company’s stock after acquiring an additional 516,244 shares during the period. State Street Corp’s holdings in SentinelOne were worth $121,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne in the third quarter valued at about $26,000. Blue Trust Inc. bought a new stake in SentinelOne during the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its holdings in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in SentinelOne in the 2nd quarter worth approximately $49,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of SentinelOne during the third quarter valued at approximately $55,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Down 0.5 %

Shares of SentinelOne stock opened at $23.91 on Friday. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market capitalization of $7.68 billion, a PE ratio of -25.44 and a beta of 0.67. The stock’s fifty day moving average is $26.36 and its two-hundred day moving average is $23.24.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) EPS. As a group, research analysts anticipate that SentinelOne, Inc. will post -0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on S. Susquehanna upped their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. JMP Securities reissued a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. Finally, Citigroup lifted their price objective on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $23.42, for a total transaction of $1,425,434.88. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $24,345,019.74. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 418,999 shares of company stock valued at $10,373,693. 5.60% of the stock is currently owned by company insiders.

About SentinelOne

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.