Banco Santander S.A. Makes New $5 Million Investment in SentinelOne, Inc. (NYSE:S)

Banco Santander S.A. acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 209,112 shares of the company's stock, valued at approximately $5,002,000. Banco Santander S.A. owned approximately 0.07% of SentinelOne at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on S shares. Sanford C. Bernstein dropped their price objective on SentinelOne from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, August 28th. Morgan Stanley upped their price objective on SentinelOne from $27.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. JMP Securities restated a "market outperform" rating and set a $33.00 price objective on shares of SentinelOne in a research report on Wednesday, August 28th. Robert W. Baird upped their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Finally, Piper Sandler upgraded SentinelOne from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, SentinelOne currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.73.

SentinelOne Stock Performance

SentinelOne stock traded up $0.40 during mid-day 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 fifty-two week low of $14.33 and a fifty-two week high of $30.76. The stock's 50-day simple moving average is $25.56 and its 200-day simple moving average is $22.71. The firm has a market capitalization of $9.05 billion, a PE ratio of -30.69 and a beta of 0.65.

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

Insiders Place Their Bets

In other news, insider Ric Smith sold 14,584 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now owns 636,699 shares of the company's stock, valued at $14,637,710.01. This represents a 2.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robin Tomasello sold 5,022 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the transaction, the chief accounting officer now directly owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,125 shares of company stock valued at $10,367,734. Insiders own 5.60% 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.