Charles Schwab Investment Management Inc. Buys 921,572 Shares of SentinelOne, Inc. (NYSE:S)

Charles Schwab Investment Management Inc. increased its stake in SentinelOne, Inc. (NYSE:S) by 55.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,597,374 shares of the company’s stock after purchasing an additional 921,572 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.82% of SentinelOne worth $62,129,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV increased its position in shares of SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares during the last quarter. NorthRock Partners LLC bought a new stake in SentinelOne during the third quarter valued at approximately $5,227,000. Sycomore Asset Management increased its holdings in SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after buying an additional 83,060 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in SentinelOne in the third quarter worth approximately $2,392,000. Finally, Banco Santander S.A. purchased a new position in shares of SentinelOne during the 3rd quarter worth $5,002,000. Institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on S shares. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. Loop Capital raised their target price on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price objective for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. Finally, DA Davidson upped their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.96.

SentinelOne Price Performance

Shares of NYSE:S opened at $27.95 on Friday. The firm has a market capitalization of $8.87 billion, a PE ratio of -30.62 and a beta of 0.65. The business has a 50 day simple moving average of $25.96 and a two-hundred day simple moving average of $22.95. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last issued its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. During the same period in the previous year, the firm earned ($0.26) earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. Equities research analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the sale, the chief financial officer now owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the transaction, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock worth $10,367,734 in the last ninety days. 5.60% of the stock is owned by company insiders.

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.