Vanguard Group Inc. Increases Stake in SentinelOne, Inc. $S

by · The Markets Daily

Vanguard Group Inc. raised its holdings in SentinelOne, Inc. (NYSE:S – Free Report) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,012,413 shares of the company’s stock after buying an additional 2,191,321 shares during the period. Vanguard Group Inc. owned approximately 10.79% of SentinelOne worth $634,179,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of S. First Trust Advisors LP raised its stake in shares of SentinelOne by 20.0% in the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after acquiring an additional 1,589,845 shares in the last quarter. Legal & General Group Plc increased its holdings in SentinelOne by 17.5% during the 2nd quarter. Legal & General Group Plc now owns 7,073,743 shares of the company’s stock worth $129,308,000 after purchasing an additional 1,053,340 shares during the period. Eminence Capital LP raised its position in SentinelOne by 24.9% in the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock valued at $129,209,000 after purchasing an additional 1,407,764 shares in the last quarter. State Street Corp raised its position in SentinelOne by 4.7% in the 2nd quarter. State Street Corp now owns 5,615,912 shares of the company’s stock valued at $102,659,000 after purchasing an additional 251,076 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of SentinelOne by 9.6% in the 2nd quarter. Geode Capital Management LLC now owns 5,274,968 shares of the company’s stock valued at $96,444,000 after buying an additional 461,259 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the completion of the sale, the chief executive officer owned 1,093,108 shares in the company, valued at approximately $16,494,999.72. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Barbara A. Larson sold 11,173 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $165,583.86. Following the transaction, the chief financial officer owned 539,372 shares in the company, valued at approximately $7,993,493.04. This trade represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 331,694 shares of company stock valued at $4,849,673 over the last 90 days. 4.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on S. Rosenblatt Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of SentinelOne in a report on Friday, December 5th. Citigroup dropped their price objective on shares of SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. The Goldman Sachs Group decreased their price objective on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Citizens Jmp set a $23.00 target price on shares of SentinelOne in a research note on Friday, December 5th. Finally, Barclays cut their price target on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.53.

View Our Latest Research Report on SentinelOne

SentinelOne Price Performance

Shares of S opened at $12.36 on Tuesday. SentinelOne, Inc. has a 1-year low of $12.23 and a 1-year high of $22.17. The stock has a market cap of $4.20 billion, a PE ratio of -9.88 and a beta of 0.77. The firm has a fifty day moving average price of $14.25 and a 200 day moving average price of $16.10.

SentinelOne (NYSE:S – Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same quarter last year, the company posted ($0.25) earnings per share. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

About SentinelOne

(Free Report)

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.

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