Andra AP fonden Sells 200,729 Shares of SentinelOne, Inc. $S

Andra AP fonden trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S) by 70.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 83,900 shares of the company’s stock after selling 200,729 shares during the quarter. Andra AP fonden’s holdings in SentinelOne were worth $1,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in SentinelOne by 6.5% during the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after buying an additional 2,191,321 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of SentinelOne by 20.0% in the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock worth $174,683,000 after acquiring an additional 1,589,845 shares during the period. Legal & General Group Plc increased its position in SentinelOne by 17.5% during the second quarter. Legal & General Group Plc now owns 7,073,743 shares of the company’s stock valued at $129,308,000 after acquiring an additional 1,053,340 shares during the last quarter. Eminence Capital LP increased its position 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 acquiring an additional 1,407,764 shares during the last quarter. Finally, State Street Corp lifted its holdings in SentinelOne by 4.7% in the second quarter. State Street Corp now owns 5,615,912 shares of the company’s stock valued at $102,659,000 after acquiring an additional 251,076 shares during the period. Institutional investors own 90.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays reduced their target price on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Piper Sandler restated a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of SentinelOne in a research note on Sunday, January 4th. DA Davidson decreased their target price on SentinelOne from $19.00 to $16.00 and set a “neutral” 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. Finally, Canaccord Genuity Group reduced their price target on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $21.53.

Insider Transactions at SentinelOne

In related news, insider Keenan Michael Conder sold 4,237 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the completion of the transaction, the insider directly owned 562,362 shares of the company’s stock, valued at approximately $7,395,060.30. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 39,472 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $13.48, for a total transaction of $532,082.56. Following the completion of the sale, the chief executive officer owned 1,083,073 shares in the company, valued at $14,599,824.04. This represents a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 331,694 shares of company stock valued at $4,849,673. 4.33% of the stock is owned by insiders.

SentinelOne Price Performance

SentinelOne stock opened at $13.12 on Monday. SentinelOne, Inc. has a 1 year low of $12.23 and a 1 year high of $21.40. The firm’s 50 day moving average price is $14.12 and its 200-day moving average price is $16.00. The stock has a market cap of $4.46 billion, a P/E ratio of -10.49 and a beta of 0.77.

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

SentinelOne Profile

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.