Mitsubishi UFJ Asset Management Co. Ltd. Purchases 161,900 Shares of SentinelOne, Inc. (NYSE:S)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in SentinelOne, Inc. (NYSE:SFree Report) by 157.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 264,683 shares of the company’s stock after buying an additional 161,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SentinelOne were worth $7,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of S. Trivest Advisors Ltd acquired a new position in SentinelOne in the fourth quarter worth about $143,273,000. Sylebra Capital LLC acquired a new stake in SentinelOne in the 3rd quarter valued at $64,981,000. Eminence Capital LP bought a new stake in SentinelOne in the third quarter valued at $48,303,000. Bamco Inc. NY acquired a new position in SentinelOne during the third quarter worth $29,252,000. Finally, NewEdge Wealth LLC bought a new position in shares of SentinelOne during the fourth quarter valued at $16,486,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $21.54, for a total value of $1,311,010.56. Following the sale, the chief executive officer now directly owns 1,179,171 shares of the company’s stock, valued at approximately $25,399,343.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $21.54, for a total transaction of $1,311,010.56. Following the sale, the chief executive officer now directly owns 1,179,171 shares of the company’s stock, valued at approximately $25,399,343.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Robin Tomasello sold 4,001 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total value of $109,027.25. Following the completion of the transaction, the chief accounting officer now owns 203,196 shares of the company’s stock, valued at approximately $5,537,091. The disclosure for this sale can be found here. Over the last three months, insiders have sold 370,855 shares of company stock worth $8,535,409. Company insiders own 5.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on S. Guggenheim upped their target price on shares of SentinelOne from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Loop Capital increased their price target on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley raised their price target on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Wedbush boosted their price objective on SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, DA Davidson raised their target price on SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.08.

Get Our Latest Analysis on S

SentinelOne Price Performance

S stock opened at $21.89 on Friday. SentinelOne, Inc. has a twelve month low of $12.43 and a twelve month high of $30.76. The business’s fifty day moving average is $22.27 and its 200-day moving average is $23.49.

SentinelOne (NYSE:SGet Free Report) last released its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $174.18 million for the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The company’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. On average, equities research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

SentinelOne Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SentinelOne (NYSE:S)

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