Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in SentinelOne, Inc. (NYSE:S)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of SentinelOne, Inc. (NYSE:S) by 43.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,532 shares of the company’s stock after selling 12,716 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SentinelOne were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of S. Guggenheim Capital LLC lifted its position in shares of SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock valued at $764,000 after acquiring an additional 478 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock valued at $365,000 after acquiring an additional 724 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock valued at $35,000 after acquiring an additional 942 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of SentinelOne by 48.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company’s stock valued at $73,000 after acquiring an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Up 1.6%

S opened at $18.43 on Monday. The business has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $20.08. The company has a market cap of $6.13 billion, a PE ratio of -13.96 and a beta of 0.77. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America reaffirmed a “neutral” rating and issued a $21.00 price target on shares of SentinelOne in a report on Thursday, May 29th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price target (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Westpark Capital cut their price target on SentinelOne from $31.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Guggenheim reaffirmed a “buy” rating and issued a $28.00 price target on shares of SentinelOne in a report on Wednesday, May 21st. Finally, Morgan Stanley cut their price target on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $24.83.

Insider Activity at SentinelOne

In related news, insider Keenan Michael Conder sold 11,097 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $202,853.16. Following the completion of the transaction, the insider owned 596,332 shares of the company’s stock, valued at approximately $10,900,948.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $17.82, for a total transaction of $1,084,596.48. Following the completion of the transaction, the chief executive officer directly owned 1,581,396 shares of the company’s stock, valued at $28,180,476.72. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,347 shares of company stock valued at $3,464,807 in the last ninety days. Corporate insiders own 4.33% of the company’s stock.

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.