Harbor Capital Advisors Inc. Sells 24,133 Shares of SentinelOne, Inc. (NYSE:S)

Harbor Capital Advisors Inc. decreased its position in SentinelOne, Inc. (NYSE:S) by 92.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,003 shares of the company’s stock after selling 24,133 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SentinelOne were worth $36,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in S. Smartleaf Asset Management LLC raised its position in SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the 4th quarter valued at about $38,000. Foster Dykema Cabot & Partners LLC bought a new stake in SentinelOne in the 4th quarter valued at about $40,000. Parallel Advisors LLC increased its position in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock valued at $35,000 after buying an additional 942 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in SentinelOne by 866.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,059 shares of the company’s stock worth $46,000 after purchasing an additional 1,846 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

S has been the topic of a number of research analyst reports. UBS Group cut their target price on SentinelOne from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Susquehanna dropped their price objective on SentinelOne from $25.00 to $24.00 and set a “positive” rating on the stock in a research note on Thursday, May 29th. Roth Capital set a $26.00 target price on SentinelOne and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Needham & Company LLC dropped their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Guggenheim restated a “buy” rating and set a $28.00 target price on shares of SentinelOne in a research report on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

Insiders Place Their Bets

In other news, CFO Barbara A. Larson sold 10,172 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $201,100.44. Following the sale, the chief financial officer now directly owns 473,223 shares in the company, valued at approximately $9,355,618.71. This represents a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $16.33, for a total transaction of $993,909.12. Following the sale, the chief executive officer now owns 1,581,396 shares in the company, valued at $25,824,196.68. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 382,308 shares of company stock worth $7,070,276 in the last 90 days. 4.33% of the stock is currently owned by corporate insiders.

SentinelOne Price Performance

Shares of S stock opened at $17.59 on Tuesday. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The firm has a fifty day moving average price of $18.48 and a 200-day moving average price of $20.74. The company has a market cap of $5.85 billion, a price-to-earnings ratio of -18.71 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities research 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.