Andra AP fonden Sells 200,729 Shares of SentinelOne, Inc. $S

Andra AP fonden lowered its stake in shares of SentinelOne, Inc. (NYSE:S) by 70.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,900 shares of the company’s stock after selling 200,729 shares during the quarter. Andra AP fonden’s holdings in SentinelOne were worth $1,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in shares of SentinelOne during the 2nd quarter worth $29,000. MAI Capital Management grew its holdings in SentinelOne by 121.2% during the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the period. Rothschild Investment LLC raised its position in shares of SentinelOne by 8,812.0% in the third quarter. Rothschild Investment LLC now owns 2,228 shares of the company’s stock valued at $39,000 after purchasing an additional 2,203 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of SentinelOne by 287.8% in the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock worth $45,000 after acquiring an additional 1,810 shares during the period. Finally, Foster Dykema Cabot & Partners LLC increased its position in shares of SentinelOne by 66.7% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock valued at $55,000 after buying an additional 1,203 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Trading Down 2.7%

S opened at $13.12 on Monday. The business’s 50-day moving average price is $14.12 and its 200-day moving average price is $16.00. SentinelOne, Inc. has a 12 month low of $12.23 and a 12 month high of $21.40. The company has a market cap of $4.46 billion, a P/E ratio of -10.49 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The business’s revenue was up 22.9% on a year-over-year basis. Equities research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 39,472 shares of SentinelOne stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $13.48, for a total value of $532,082.56. Following the sale, the chief executive officer directly owned 1,083,073 shares in the company, valued at approximately $14,599,824.04. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keenan Michael Conder sold 4,237 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $55,716.55. Following the completion of the transaction, the insider owned 562,362 shares of the company’s stock, valued at $7,395,060.30. This trade represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 331,694 shares of company stock worth $4,849,673. Insiders own 4.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citizens Jmp set a $23.00 price target on shares of SentinelOne in a research report on Friday, December 5th. Piper Sandler restated a “neutral” rating and set a $17.00 target price (down from $20.00) on shares of SentinelOne in a research report on Sunday, January 4th. Wedbush lowered their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Morgan Stanley dropped their price target on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $24.00 price target on shares of SentinelOne in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.53.

About SentinelOne

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.