B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in SentinelOne, Inc. (NYSE:S)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 87,529 shares of the company's stock, valued at approximately $2,094,000.

A number of other institutional investors have also recently added to or reduced their stakes in S. NorthRock Partners LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at about $5,227,000. KBC Group NV raised its stake in shares of SentinelOne by 778.0% in the 3rd quarter. KBC Group NV now owns 65,455 shares of the company's stock valued at $1,566,000 after purchasing an additional 58,000 shares in the last quarter. Sycomore Asset Management raised its stake in shares of SentinelOne by 40.4% in the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company's stock valued at $5,537,000 after purchasing an additional 83,060 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of SentinelOne in the 3rd quarter valued at about $2,392,000. Finally, Eminence Capital LP raised its stake in shares of SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after purchasing an additional 1,337,145 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the sale, the insider now directly owns 636,699 shares in the company, valued at approximately $14,637,710.01. The trade was a 2.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 38,607 shares of SentinelOne stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $880,239.60. Following the sale, the chief executive officer now owns 1,060,749 shares in the company, valued at approximately $24,185,077.20. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock worth $10,367,734 in the last ninety days. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on S. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a "hold" rating to a "buy" rating and upped their target price for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Loop Capital increased their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Westpark Capital reiterated a "buy" rating and set a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. Citigroup increased their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Finally, Sanford C. Bernstein dropped their price objective on shares of SentinelOne from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has an average rating of "Moderate Buy" and a consensus price target of $28.73.

SentinelOne Price Performance

NYSE:S traded up $0.40 during midday trading on Friday, reaching $28.53. The stock had a trading volume of 2,909,670 shares, compared to its average volume of 5,147,280. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76. The firm's fifty day simple moving average is $25.56 and its 200-day simple moving average is $22.71. The stock has a market capitalization of $9.05 billion, a P/E ratio of -30.69 and a beta of 0.65.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same period last year, the business posted ($0.26) EPS. SentinelOne's revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

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.