SentinelOne, Inc. (NYSE:S) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,580,222 shares of the company's stock after selling 65,316 shares during the quarter. Bank of New York Mellon Corp owned about 0.49% of SentinelOne worth $35,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in SentinelOne in the 3rd quarter worth $457,000. Van ECK Associates Corp lifted its holdings in SentinelOne by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 96,015 shares of the company's stock worth $2,427,000 after buying an additional 1,489 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in SentinelOne by 1.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 190,315 shares of the company's stock worth $4,552,000 after buying an additional 2,833 shares in the last quarter. Amalgamated Bank lifted its holdings in SentinelOne by 14.3% in the 3rd quarter. Amalgamated Bank now owns 14,886 shares of the company's stock worth $356,000 after buying an additional 1,857 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in SentinelOne by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,491 shares of the company's stock worth $442,000 after buying an additional 1,111 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

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Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 70,642 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares of the company's stock, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Robin Tomasello sold 6,378 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares of the company's stock, valued at approximately $4,509,891.75. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 437,968 shares of company stock valued at $10,020,586 in the last ninety days. Company insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

S has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut their price objective on shares of SentinelOne from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. UBS Group lowered shares of SentinelOne from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Guggenheim reissued a "buy" rating and issued a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Barclays dropped their target price on shares of SentinelOne from $30.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald initiated coverage on shares of SentinelOne in a research report on Thursday, January 9th. They issued an "overweight" rating and a $30.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $29.48.

SentinelOne Trading Down 0.3 %

SentinelOne stock traded down $0.07 during midday trading on Friday, reaching $19.84. 5,174,675 shares of the stock traded hands, compared to its average volume of 4,084,352. The firm has a fifty day moving average price of $22.70 and a two-hundred day moving average price of $24.22. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of -21.10 and a beta of 0.78. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company's revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.21) earnings per share. Analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

About SentinelOne

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.