SentinelOne, Inc. (NYSE:S) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in SentinelOne, Inc. (NYSE:S) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 181,587 shares of the company’s stock after selling 8,728 shares during the period. Asset Management One Co. Ltd.’s holdings in SentinelOne were worth $4,077,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne in the 3rd quarter worth about $26,000. Avion Wealth purchased a new position in shares of SentinelOne in the 4th quarter worth about $28,000. Crewe Advisors LLC purchased a new position in shares of SentinelOne in the 4th quarter worth about $33,000. Arlington Trust Co LLC purchased a new position in shares of SentinelOne in the 4th quarter worth about $33,000. Finally, Modus Advisors LLC purchased a new position in shares of SentinelOne in the 4th quarter worth about $48,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Trading Down 5.2 %

Shares of S opened at $23.08 on Thursday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of -24.55 and a beta of 0.75. The stock has a 50 day moving average of $23.18 and a 200-day moving average of $24.30. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.49.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the transaction, the chief executive officer now owns 939,726 shares in the company, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 357,341 shares of company stock worth $8,423,765 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Cantor Fitzgerald assumed coverage on SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 target price on the stock. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Barclays dropped their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Susquehanna raised their target price on SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Finally, Scotiabank raised their target price on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Profile

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.