Fmr LLC Decreases Holdings in SentinelOne, Inc. (NYSE:S)

FMR LLC lessened its position in SentinelOne, Inc. (NYSE:S - Free Report) by 23.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 690,059 shares of the company's stock after selling 216,803 shares during the period. FMR LLC owned approximately 0.22% of SentinelOne worth $16,506,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Waldron Private Wealth LLC acquired a new position in shares of SentinelOne in the 3rd quarter worth $26,000. Blue Trust Inc. acquired a new position in shares of SentinelOne in the second quarter worth about $27,000. Allspring Global Investments Holdings LLC raised its holdings in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock valued at $28,000 after acquiring an additional 434 shares during the period. Unique Wealth Strategies LLC purchased a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $49,000. Finally, Capital Performance Advisors LLP purchased a new position in SentinelOne during the 3rd quarter worth approximately $55,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on S. The Goldman Sachs Group reiterated a "neutral" rating and issued a $25.00 target price on shares of SentinelOne in a research note on Friday, September 13th. Guggenheim restated a "buy" rating and set a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Susquehanna increased their price objective on SentinelOne from $28.00 to $30.00 and gave the company a "positive" rating in a report on Thursday, December 5th. DA Davidson boosted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $29.00 price target on shares of SentinelOne in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and an average target price of $29.42.

SentinelOne Price Performance

S stock traded down $0.04 during midday trading on Wednesday, reaching $23.57. 6,106,256 shares of the company were exchanged, compared to its average volume of 5,267,227. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of -25.11 and a beta of 0.67. The business has a 50-day moving average price of $26.33 and a two-hundred day moving average price of $23.20. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business's revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) EPS. As a group, analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 3,135 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the transaction, the insider now directly owns 582,512 shares of the company's stock, valued at approximately $15,290,940. This represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 234,849 shares of company stock worth $6,002,767 over the last 90 days. Insiders own 5.60% of the company's stock.

SentinelOne 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.