Russell Investments Group Ltd. Grows Stock Holdings in SentinelOne, Inc. (NYSE:S)

Russell Investments Group Ltd. increased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 185.1% in the 4th quarter, HoldingsChannel reports. The firm owned 226,944 shares of the company’s stock after acquiring an additional 147,333 shares during the quarter. Russell Investments Group Ltd.’s holdings in SentinelOne were worth $6,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC boosted its holdings in SentinelOne by 5.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,446 shares of the company’s stock worth $260,000 after buying an additional 836 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of SentinelOne by 16.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company’s stock valued at $108,000 after acquiring an additional 900 shares during the period. Montag A & Associates Inc. increased its stake in shares of SentinelOne by 143.0% in the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock valued at $34,000 after purchasing an additional 1,200 shares in the last quarter. Triumph Capital Management raised its holdings in SentinelOne by 8.7% in the 3rd quarter. Triumph Capital Management now owns 18,210 shares of the company’s stock worth $307,000 after purchasing an additional 1,465 shares during the period. Finally, PFG Investments LLC boosted its position in SentinelOne by 9.1% during the fourth quarter. PFG Investments LLC now owns 23,457 shares of the company’s stock worth $644,000 after purchasing an additional 1,963 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SentinelOne

In related news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $55,935.06. Following the sale, the chief financial officer now directly owns 532,380 shares in the company, valued at approximately $11,318,398.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other SentinelOne news, CEO Tomer Weingarten sold 69,427 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $27.09, for a total transaction of $1,880,777.43. Following the transaction, the chief executive officer now directly owns 1,285,122 shares in the company, valued at $34,813,954.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $55,935.06. Following the completion of the sale, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at $11,318,398.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,077 shares of company stock worth $6,219,029. 5.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on S. StockNews.com upgraded SentinelOne to a “sell” rating in a research report on Friday, January 12th. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a report on Monday, April 1st. Loop Capital boosted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Bank of America upgraded shares of SentinelOne from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.50 to $35.00 in a research report on Wednesday, February 14th. Finally, Wedbush lifted their price objective on SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.08.

SentinelOne Price Performance

SentinelOne stock opened at $20.96 on Thursday. The firm has a 50 day simple moving average of $23.04 and a 200-day simple moving average of $23.19. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of -18.06 and a beta of 0.69. SentinelOne, Inc. has a 1-year low of $12.43 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $174.18 million during the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) earnings per share. Equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

SentinelOne 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.