KBC Group NV Purchases 58,000 Shares of SentinelOne, Inc. (NYSE:S)

KBC Group NV lifted its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 778.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,455 shares of the company's stock after purchasing an additional 58,000 shares during the quarter. KBC Group NV's holdings in SentinelOne were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of SentinelOne during the third quarter worth $225,000. Chase Investment Counsel Corp acquired a new position in shares of SentinelOne in the 3rd quarter valued at about $248,000. Rakuten Securities Inc. increased its holdings in SentinelOne by 93.0% in the 3rd quarter. Rakuten Securities Inc. now owns 35,462 shares of the company's stock valued at $848,000 after purchasing an additional 17,092 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of SentinelOne during the third quarter worth $13,342,000. Finally, Covestor Ltd lifted its stake in shares of SentinelOne by 649.3% in the third quarter. Covestor Ltd now owns 3,267 shares of the company's stock worth $78,000 after acquiring an additional 2,831 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Trading Up 4.5 %

Shares of S traded up $1.20 during trading hours on Tuesday, reaching $27.63. 2,609,155 shares of the stock traded hands, compared to its average volume of 5,176,673. The stock has a fifty day simple moving average of $25.33 and a 200 day simple moving average of $22.64. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market cap of $8.76 billion, a price-to-earnings ratio of -29.71 and a beta of 0.65.

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

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 5,022 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 432,125 shares of company stock worth $10,367,734. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

S has been the topic of several recent research reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $25.00 price target on shares of SentinelOne in a report on Friday, September 13th. Citigroup lifted their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, August 28th. BTIG Research increased their price target on SentinelOne from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Barclays increased their price target on SentinelOne from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Wedbush upgraded shares of SentinelOne to a "strong-buy" rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have assigned 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.73.

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.