Northern Trust Corp Sells 300,354 Shares of SentinelOne, Inc. $S

Northern Trust Corp decreased its stake in shares of SentinelOne, Inc. (NYSE:S) by 15.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,586,410 shares of the company’s stock after selling 300,354 shares during the period. Northern Trust Corp owned 0.48% of SentinelOne worth $28,841,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of SentinelOne by 4.6% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock worth $365,000 after buying an additional 724 shares during the period. Parallel Advisors LLC boosted its holdings in shares of SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock worth $35,000 after buying an additional 942 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of SentinelOne by 11.1% during the 1st quarter. Liberty One Investment Management LLC now owns 9,435 shares of the company’s stock worth $172,000 after buying an additional 944 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of SentinelOne by 5.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 19,272 shares of the company’s stock worth $350,000 after buying an additional 1,047 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of SentinelOne by 9.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 12,918 shares of the company’s stock worth $235,000 after buying an additional 1,136 shares during the period. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 7.4%

Shares of NYSE:S opened at $18.91 on Friday. The firm has a 50 day moving average of $17.80 and a 200-day moving average of $18.64. The stock has a market capitalization of $6.29 billion, a PE ratio of -14.33 and a beta of 0.77. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $229.03 million during the quarter, compared to analysts’ expectations of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 15.96%. SentinelOne’s quarterly revenue was up 22.9% on a year-over-year basis. On average, research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Keenan Michael Conder sold 11,097 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 transaction of $202,853.16. Following the completion of the transaction, the insider directly owned 596,332 shares in the company, valued at $10,900,948.96. This represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robin Tomasello sold 2,921 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the transaction, the chief accounting officer owned 306,044 shares of the company’s stock, valued at approximately $5,297,621.64. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,730 shares of company stock valued at $2,366,017 in the last quarter. 4.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on S shares. Westpark Capital reissued a “buy” rating and issued a $25.00 price objective on shares of SentinelOne in a report on Friday. Bank of America reissued a “neutral” rating and issued a $21.00 price objective on shares of SentinelOne in a report on Thursday, May 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $24.00 price objective on shares of SentinelOne in a report on Friday. Finally, Guggenheim reissued a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

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.