Mirae Asset Global Investments Co. Ltd. Sells 11,979 Shares of SentinelOne, Inc. (NYSE:S)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 29.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,248 shares of the company's stock after selling 11,979 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in SentinelOne were worth $657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in S. Waldron Private Wealth LLC purchased a new position in SentinelOne in the third quarter worth $26,000. Modus Advisors LLC purchased a new position in SentinelOne in the fourth quarter worth $48,000. Capital Performance Advisors LLP purchased a new position in SentinelOne in the third quarter worth $55,000. Blue Trust Inc. grew its position in SentinelOne by 105.9% in the third quarter. Blue Trust Inc. now owns 2,378 shares of the company's stock worth $57,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Huntington National Bank grew its position in SentinelOne by 287.9% in the third quarter. Huntington National Bank now owns 2,378 shares of the company's stock worth $57,000 after acquiring an additional 1,765 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,658,092.02. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 2,341 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.95, for a total transaction of $56,066.95. Following the completion of the sale, the insider now owns 529,118 shares in the company, valued at $12,672,376.10. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 357,341 shares of company stock worth $8,423,765 over the last 90 days. 5.60% of the stock is currently owned by insiders.

SentinelOne Price Performance

S stock traded down $0.17 during trading on Friday, reaching $24.81. The company had a trading volume of 3,589,658 shares, compared to its average volume of 3,539,667. The company has a market cap of $7.97 billion, a P/E ratio of -26.39 and a beta of 0.75. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.36. The business has a 50 day moving average of $23.17 and a 200 day moving average of $24.26.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business had revenue of $210.60 million during the quarter, compared to analysts' expectations of $209.73 million. During the same quarter last year, the company posted ($0.21) EPS. SentinelOne's revenue for the quarter was up 28.3% compared to the same quarter last year. Research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on S shares. UBS Group lowered shares of SentinelOne from a "buy" rating to a "neutral" rating and cut their target price for the stock from $30.00 to $25.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Robert W. Baird boosted their price target on shares of SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Barclays lowered their price target on shares of SentinelOne from $30.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, December 5th. Finally, Susquehanna boosted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock a "positive" rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.56.

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.