Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Holdings in SentinelOne, Inc. (NYSE:S)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in SentinelOne, Inc. (NYSE:S) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,735 shares of the company’s stock after selling 11,443 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SentinelOne were worth $3,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bison Wealth LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $228,000. Strs Ohio purchased a new stake in SentinelOne in the fourth quarter valued at approximately $814,000. Vontobel Holding Ltd. raised its stake in SentinelOne by 35.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,061,209 shares of the company’s stock valued at $29,120,000 after purchasing an additional 279,435 shares in the last quarter. NewEdge Wealth LLC purchased a new stake in SentinelOne in the fourth quarter valued at approximately $16,486,000. Finally, Wealth Effects LLC raised its stake in SentinelOne by 3.2% in the fourth quarter. Wealth Effects LLC now owns 82,690 shares of the company’s stock valued at $2,269,000 after purchasing an additional 2,600 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $27.68, for a total value of $281,367.20. Following the sale, the chief executive officer now owns 797,265 shares in the company, valued at $22,068,295.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Robin Tomasello sold 4,001 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the sale, the chief accounting officer now owns 203,196 shares in the company, valued at approximately $5,537,091. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $27.68, for a total transaction of $281,367.20. Following the sale, the chief executive officer now owns 797,265 shares in the company, valued at approximately $22,068,295.20. The disclosure for this sale can be found here. Insiders have sold a total of 321,583 shares of company stock worth $8,355,882 over the last quarter. Corporate insiders own 5.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Loop Capital raised their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Sanford C. Bernstein raised their target price on shares of SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Citigroup raised their target price on shares of SentinelOne from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. BTIG Research raised shares of SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday, January 22nd. Finally, Needham & Company LLC lifted their price target on shares of SentinelOne from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SentinelOne currently has an average rating of “Hold” and a consensus target price of $26.08.

SentinelOne Trading Up 2.1 %

NYSE:S opened at $20.47 on Tuesday. The firm’s fifty day simple moving average is $24.72 and its 200 day simple moving average is $22.86. SentinelOne, Inc. has a twelve month low of $12.43 and a twelve month high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $174.18 million for the quarter, compared to analysts’ expectations of $169.40 million. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) earnings per share. On average, analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

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.