Assenagon Asset Management S.A. Boosts Position in SentinelOne, Inc. $S

Assenagon Asset Management S.A. raised its holdings in shares of SentinelOne, Inc. (NYSE:S) by 34.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,222 shares of the company’s stock after buying an additional 93,486 shares during the period. Assenagon Asset Management S.A. owned about 0.11% of SentinelOne worth $6,379,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of SentinelOne by 29.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,523,786 shares of the company’s stock valued at $27,702,000 after acquiring an additional 348,940 shares during the period. Hsbc Holdings PLC raised its position in SentinelOne by 23.3% in the first quarter. Hsbc Holdings PLC now owns 199,721 shares of the company’s stock valued at $3,547,000 after purchasing an additional 37,690 shares during the period. Capital Fund Management S.A. raised its position in SentinelOne by 151.6% in the first quarter. Capital Fund Management S.A. now owns 188,283 shares of the company’s stock valued at $3,423,000 after purchasing an additional 113,439 shares during the period. Groupe la Francaise lifted its stake in shares of SentinelOne by 8.4% during the first quarter. Groupe la Francaise now owns 145,870 shares of the company’s stock worth $2,936,000 after purchasing an additional 11,250 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of SentinelOne by 1,452.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 518,677 shares of the company’s stock worth $9,430,000 after buying an additional 485,268 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $14.71 on Monday. The firm has a market cap of $5.00 billion, a PE ratio of -11.77 and a beta of 0.76. The firm’s 50-day simple moving average is $16.36 and its 200-day simple moving average is $17.37. SentinelOne, Inc. has a 1 year low of $14.43 and a 1 year high of $25.24.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period last year, the firm earned ($0.25) earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, equities analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 125,429 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the transaction, the chief executive officer directly owned 1,093,108 shares in the company, valued at $16,494,999.72. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Barbara A. Larson sold 54,583 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $18.13, for a total transaction of $989,589.79. Following the sale, the chief financial officer owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. The trade was a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 392,904 shares of company stock worth $6,374,392. 4.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Guggenheim reiterated a “buy” rating and set a $28.00 target price on shares of SentinelOne in a report on Friday, December 5th. Canaccord Genuity Group lowered their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Scotiabank lifted their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the company a “sector perform” rating in a research note on Friday, August 29th. TD Cowen reduced their target price on shares of SentinelOne from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, JMP Securities set a $23.00 target price on shares of SentinelOne in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.43.

SentinelOne Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.