SentinelOne, Inc. $S Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in SentinelOne, Inc. (NYSE:S) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,059,241 shares of the company’s stock after selling 485,097 shares during the period. Federated Hermes Inc. owned approximately 0.92% of SentinelOne worth $55,923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of S. Jump Financial LLC bought a new stake in shares of SentinelOne during the second quarter valued at approximately $399,000. Flow Traders U.S. LLC bought a new stake in SentinelOne during the second quarter worth approximately $341,000. Amundi boosted its stake in shares of SentinelOne by 7.9% during the 2nd quarter. Amundi now owns 170,047 shares of the company’s stock worth $3,083,000 after acquiring an additional 12,495 shares in the last quarter. First Trust Advisors LP increased its stake in SentinelOne by 20.0% in the 2nd 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of SentinelOne by 540.3% in the second quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock worth $78,000 after acquiring an additional 3,593 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

S has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on SentinelOne from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Cantor Fitzgerald decreased their target price on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Morgan Stanley lowered their price target on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday. Berenberg Bank began coverage on SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective for the company. Finally, New Street Research set a $23.00 target price on SentinelOne in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Price Performance

SentinelOne stock opened at $14.86 on Tuesday. SentinelOne, Inc. has a one year low of $14.48 and a one year high of $25.91. The company’s fifty day moving average price is $16.86 and its two-hundred day moving average price is $17.61. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -11.88 and a beta of 0.76.

SentinelOne (NYSE:S) last released 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. The company had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.25) EPS. As a group, sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In other SentinelOne news, CFO Barbara A. Larson sold 54,583 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the completion of the sale, the chief financial officer owned 549,498 shares of the company’s stock, valued at $9,962,398.74. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 3,476 shares of SentinelOne stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total transaction of $57,562.56. Following the completion of the transaction, the chief accounting officer directly owned 294,060 shares in the company, valued at approximately $4,869,633.60. This represents a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 374,765 shares of company stock worth $6,664,574 over the last ninety days. Company insiders own 4.33% of the company’s stock.

SentinelOne Company 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.