SBI Securities Co. Ltd. Invests $405,000 in SentinelOne, Inc. (NYSE:S)

SBI Securities Co. Ltd. acquired a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 18,225 shares of the company's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of SentinelOne by 48.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock worth $73,000 after purchasing an additional 1,067 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares in the last quarter. Pathway Capital Management LP purchased a new position in shares of SentinelOne in the 4th quarter worth about $8,311,000. US Bancorp DE boosted its holdings in shares of SentinelOne by 26.4% in the 4th quarter. US Bancorp DE now owns 49,873 shares of the company's stock worth $1,107,000 after purchasing an additional 10,413 shares in the last quarter. Finally, Versor Investments LP purchased a new position in shares of SentinelOne in the 4th quarter worth about $380,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Up 1.0 %

Shares of NYSE:S traded up $0.20 during trading on Wednesday, hitting $20.10. The stock had a trading volume of 5,585,342 shares, compared to its average volume of 4,005,816. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The company has a market capitalization of $6.46 billion, a PE ratio of -21.38 and a beta of 0.75. The firm's fifty day moving average is $22.81 and its 200 day moving average is $24.27.

SentinelOne (NYSE:S - Get Free Report) last posted 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 net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same period last year, the business earned ($0.21) EPS. The firm's quarterly revenue was up 28.3% on a year-over-year basis. Equities research analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now owns 531,459 shares of the company's stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company's stock, valued at approximately $22,782,850.68. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 371,925 shares of company stock valued at $8,729,445 in the last 90 days. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on S shares. Robert W. Baird upped their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price objective for the company. Morgan Stanley dropped their target price on SentinelOne from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Finally, Jefferies Financial Group upgraded SentinelOne from a "hold" rating to a "buy" rating and increased their target price for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.48.

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.