Vanguard Group Inc. Boosts Stake in SentinelOne, Inc. (NYSE:S)

Vanguard Group Inc. raised its position in SentinelOne, Inc. (NYSE:S) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,199,885 shares of the company’s stock after purchasing an additional 1,318,533 shares during the quarter. Vanguard Group Inc. owned 9.46% of SentinelOne worth $567,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in S. Envestnet Asset Management Inc. raised its position in SentinelOne by 105.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 69,959 shares of the company’s stock worth $1,553,000 after purchasing an additional 35,829 shares during the period. Advisory Services Network LLC purchased a new stake in SentinelOne in the 4th quarter worth about $489,000. Raymond James Financial Inc. purchased a new stake in SentinelOne in the 4th quarter worth about $26,082,000. Treasurer of the State of North Carolina raised its position in SentinelOne by 2.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 122,674 shares of the company’s stock worth $2,723,000 after purchasing an additional 2,590 shares during the period. Finally, Sterling Capital Management LLC raised its position in SentinelOne by 50.2% in the 4th quarter. Sterling Capital Management LLC now owns 14,381 shares of the company’s stock worth $319,000 after purchasing an additional 4,805 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Robin Tomasello sold 2,921 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $50,562.51. Following the completion of the sale, the chief accounting officer owned 306,044 shares of the company’s stock, valued at $5,297,621.64. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ric Smith sold 15,163 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $16.68, for a total transaction of $252,918.84. Following the sale, the insider directly owned 976,056 shares of the company’s stock, valued at $16,280,614.08. The trade was a 1.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,730 shares of company stock worth $2,366,017. 4.33% of the stock is currently owned by insiders.

SentinelOne Stock Up 5.5%

NYSE:S opened at $17.20 on Thursday. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29. The firm has a 50 day moving average of $18.00 and a 200 day moving average of $19.25. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of -13.03 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on S. Stephens restated an “overweight” rating and issued a $25.00 target price on shares of SentinelOne in a research note on Tuesday, May 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, May 23rd. Jefferies Financial Group restated a “buy” rating on shares of SentinelOne in a research note on Tuesday, August 5th. Barclays dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 29th. Finally, Bank of America restated a “neutral” rating and issued a $21.00 target price on shares of SentinelOne in a research note on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.80.

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.