Principal Financial Group Inc. Has $266,000 Holdings in SentinelOne, Inc. (NYSE:S)

Principal Financial Group Inc. cut its position in shares of SentinelOne, Inc. (NYSE:S) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,649 shares of the company’s stock after selling 1,435 shares during the quarter. Principal Financial Group Inc.’s holdings in SentinelOne were worth $266,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co acquired a new position in shares of SentinelOne during the first quarter valued at about $26,000. Parallel Advisors LLC raised 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 purchasing an additional 942 shares during the period. GAMMA Investing LLC increased its holdings in SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock worth $35,000 after acquiring an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in SentinelOne during the 4th quarter worth approximately $38,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in SentinelOne during the 4th quarter worth approximately $40,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

S has been the subject of a number of research reports. Westpark Capital cut their price objective on shares of SentinelOne from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. DA Davidson decreased their price objective on shares of SentinelOne from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. Bank of America reiterated a “neutral” rating and issued a $21.00 price target on shares of SentinelOne in a research note on Thursday, May 29th. Sanford C. Bernstein cut their price objective on shares of SentinelOne from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, May 29th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 price target (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.80.

SentinelOne Stock Up 1.7%

NYSE S opened at $18.03 on Monday. The company has a fifty day moving average of $18.43 and a two-hundred day moving average of $19.76. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of -13.66 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 issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Activity

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $17.82, for a total value of $1,084,596.48. Following the sale, the chief executive officer owned 1,581,396 shares in the company, valued at $28,180,476.72. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 27,481 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $502,352.68. Following the completion of the sale, the insider owned 1,030,544 shares in the company, valued at approximately $18,838,344.32. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,347 shares of company stock worth $3,464,807 over the last 90 days. 4.33% of the stock is currently owned by corporate insiders.

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.