Federated Hermes Inc. Cuts Holdings in SentinelOne, Inc. $S

Federated Hermes Inc. trimmed its position in SentinelOne, Inc. (NYSE:S) by 18.2% in the third quarter, HoldingsChannel reports. The firm owned 2,501,173 shares of the company’s stock after selling 558,068 shares during the quarter. Federated Hermes Inc.’s holdings in SentinelOne were worth $44,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Woodline Partners LP purchased a new position in SentinelOne in the first quarter worth $382,000. Focus Partners Wealth purchased a new stake in shares of SentinelOne during the first quarter worth $346,000. Wealth Enhancement Advisory Services LLC grew its position in shares of SentinelOne by 36.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,169 shares of the company’s stock valued at $594,000 after purchasing an additional 8,552 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in SentinelOne by 3.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 90,464 shares of the company’s stock worth $1,654,000 after purchasing an additional 3,359 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of SentinelOne during the second quarter valued at about $776,000. Institutional investors own 90.87% of the company’s stock.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, Director Mark S. Peek bought 40,000 shares of SentinelOne stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $14.89 per share, with a total value of $595,600.00. Following the acquisition, the director owned 120,000 shares in the company, valued at approximately $1,786,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is currently owned by corporate insiders.

SentinelOne Stock Down 5.7%

S opened at $14.08 on Friday. The business’s fifty day simple moving average is $15.02 and its 200 day simple moving average is $16.71. SentinelOne, Inc. has a 52 week low of $13.46 and a 52 week high of $25.24. The stock has a market cap of $4.78 billion, a PE ratio of -11.26 and a beta of 0.77.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JMP Securities set a $23.00 target price on shares of SentinelOne in a research note on Friday, December 5th. Citizens Jmp decreased their price target on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating on the stock in a report on Friday, December 5th. UBS Group downgraded SentinelOne from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. TD Cowen restated a “buy” rating on shares of SentinelOne in a research report on Friday, December 5th. Finally, Wedbush decreased their target price on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.72.

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.