Meitav Investment House Ltd. Reduces Stock Position in SentinelOne, Inc. (NYSE:S)

Meitav Investment House Ltd. trimmed its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,291,200 shares of the company's stock after selling 23,800 shares during the period. Meitav Investment House Ltd. owned about 0.41% of SentinelOne worth $30,900,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in SentinelOne by 874.1% during the 1st quarter. Principal Financial Group Inc. now owns 157,273 shares of the company's stock worth $3,666,000 after acquiring an additional 141,127 shares during the last quarter. Van ECK Associates Corp grew its position in SentinelOne by 34.3% during the 1st quarter. Van ECK Associates Corp now owns 89,594 shares of the company's stock worth $2,088,000 after acquiring an additional 22,865 shares during the last quarter. Smith Group Asset Management LLC bought a new position in SentinelOne during the 1st quarter worth approximately $454,000. Flynn Zito Capital Management LLC grew its position in SentinelOne by 33.3% during the 1st quarter. Flynn Zito Capital Management LLC now owns 15,266 shares of the company's stock worth $356,000 after acquiring an additional 3,811 shares during the last quarter. Finally, BNP Paribas bought a new position in SentinelOne during the 1st quarter worth approximately $862,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 3,135 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $64,455.60. Following the completion of the transaction, the insider now owns 636,699 shares of the company's stock, valued at $13,090,531.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Ric Smith sold 3,135 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $64,455.60. Following the sale, the insider now directly owns 636,699 shares in the company, valued at approximately $13,090,531.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $22,453,135.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 489,850 shares of company stock valued at $11,074,922 over the last 90 days. Company insiders own 5.60% of the company's stock.

SentinelOne Price Performance

Shares of S traded down $0.68 during trading hours on Thursday, hitting $25.79. The stock had a trading volume of 2,229,037 shares, compared to its average volume of 5,284,428. The stock has a fifty day moving average price of $24.41 and a 200 day moving average price of $22.06. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The firm has a market capitalization of $8.18 billion, a PE ratio of -27.87 and a beta of 0.67.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler upgraded SentinelOne from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Canaccord Genuity Group reiterated a "buy" rating and issued a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. Wedbush upgraded SentinelOne to a "strong-buy" rating in a research report on Thursday, October 17th. Baird R W upgraded SentinelOne to a "strong-buy" rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.60.

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.