SentinelOne, Inc. (NYSE:S) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lowered its position in SentinelOne, Inc. (NYSE:S) by 27.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 561,392 shares of the company’s stock after selling 207,883 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in SentinelOne were worth $15,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in SentinelOne in the third quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in shares of SentinelOne during the 3rd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of SentinelOne during the 3rd quarter worth approximately $34,000. Montag A & Associates Inc. increased its stake in shares of SentinelOne by 143.0% during the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Comerica Bank purchased a new stake in SentinelOne in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

Shares of SentinelOne stock remained flat at $20.89 on Wednesday. 1,453,293 shares of the stock traded hands, compared to its average volume of 5,975,485. The company has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $22.75. SentinelOne, Inc. has a 12 month low of $12.43 and a 12 month high of $30.76. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of -18.00 and a beta of 0.66.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The company had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. The firm’s revenue was up 38.1% compared to the same quarter last year. As a group, equities analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on S shares. DA Davidson lifted their price target on shares of SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Citigroup boosted their price objective on shares of SentinelOne from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. BTIG Research raised shares of SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, January 22nd. Loop Capital upped their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Bank of America raised shares of SentinelOne from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.50 to $35.00 in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.08.

Insider Activity at SentinelOne

In related news, CFO David J. Bernhardt sold 34,021 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $30.03, for a total value of $1,021,650.63. Following the completion of the transaction, the chief financial officer now owns 403,132 shares of the company’s stock, valued at $12,106,053.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.10, for a total value of $197,874.60. Following the completion of the sale, the insider now owns 5,025 shares in the company, valued at $116,077.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David J. Bernhardt sold 34,021 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $30.03, for a total transaction of $1,021,650.63. Following the completion of the sale, the chief financial officer now owns 403,132 shares of the company’s stock, valued at approximately $12,106,053.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 321,583 shares of company stock valued at $8,355,882. Corporate insiders own 5.93% of the company’s stock.

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.