Erste Asset Management GmbH Sells 370,780 Shares of SentinelOne, Inc. $S

Erste Asset Management GmbH lowered its holdings in shares of SentinelOne, Inc. (NYSE:S) by 86.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,220 shares of the company’s stock after selling 370,780 shares during the period. Erste Asset Management GmbH’s holdings in SentinelOne were worth $1,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of SentinelOne during the 2nd quarter worth about $65,371,000. Vanguard Group Inc. raised its position in SentinelOne by 6.5% in the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after purchasing an additional 2,191,321 shares in the last quarter. AQR Capital Management LLC raised its position in SentinelOne by 92.6% in the second quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock worth $77,264,000 after purchasing an additional 2,051,980 shares in the last quarter. First Trust Advisors LP lifted its stake in SentinelOne by 20.0% during the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock worth $174,683,000 after purchasing an additional 1,589,845 shares during the period. Finally, Eminence Capital LP boosted its holdings in SentinelOne by 24.9% during the second quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock valued at $129,209,000 after purchasing an additional 1,407,764 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of NYSE:S opened at $13.12 on Monday. SentinelOne, Inc. has a twelve month low of $12.23 and a twelve month high of $21.40. The firm has a market cap of $4.46 billion, a PE ratio of -10.49 and a beta of 0.77. The business has a fifty day moving average of $14.12 and a 200-day moving average of $16.00.

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

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 125,429 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the sale, the chief executive officer directly owned 1,093,108 shares of the company’s stock, valued at $16,494,999.72. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ana G. Pinczuk sold 11,900 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the completion of the transaction, the insider owned 560,589 shares of the company’s stock, valued at $8,307,928.98. This trade represents a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 331,694 shares of company stock valued at $4,849,673 in the last three months. 4.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

S has been the subject of a number of recent research reports. Canaccord Genuity Group dropped their target price on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. DA Davidson lowered their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Cantor Fitzgerald dropped their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Berenberg Bank initiated coverage on shares of SentinelOne in a research note on Tuesday, November 18th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Barclays lowered their target price on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.