Meitav Investment House Ltd. Sells 1,260,914 Shares of SentinelOne, Inc. (NYSE:S)

Meitav Investment House Ltd. lessened its stake in SentinelOne, Inc. (NYSE:S - Free Report) by 97.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,286 shares of the company's stock after selling 1,260,914 shares during the quarter. Meitav Investment House Ltd.'s holdings in SentinelOne were worth $675,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in S. Bleakley Financial Group LLC bought a new stake in SentinelOne in the third quarter valued at about $204,000. Blue Trust Inc. grew its stake in SentinelOne by 105.9% in the third quarter. Blue Trust Inc. now owns 2,378 shares of the company's stock valued at $57,000 after acquiring an additional 1,223 shares during the period. Raymond James & Associates grew its stake in SentinelOne by 3.4% in the third quarter. Raymond James & Associates now owns 318,798 shares of the company's stock valued at $7,626,000 after acquiring an additional 10,572 shares during the period. Waldron Private Wealth LLC acquired a new position in SentinelOne in the third quarter valued at about $26,000. Finally, Private Advisor Group LLC grew its stake in SentinelOne by 13.5% in the third quarter. Private Advisor Group LLC now owns 17,598 shares of the company's stock valued at $421,000 after acquiring an additional 2,093 shares during the period. Institutional investors own 90.87% of the company's stock.

SentinelOne Stock Performance

Shares of NYSE S traded down $0.64 during trading hours on Friday, reaching $22.15. 3,828,029 shares of the stock were exchanged, compared to its average volume of 3,859,998. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of -23.56 and a beta of 0.75. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $29.29. The stock's fifty day simple moving average is $23.12 and its 200 day simple moving average is $24.30.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company's quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) EPS. Research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 41,170 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the sale, the insider now owns 531,459 shares of the company's stock, valued at approximately $12,744,386.82. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 357,341 shares of company stock valued at $8,423,765 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on S. Westpark Capital reissued a "buy" rating and issued a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Citigroup decreased their target price on SentinelOne from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Guggenheim reissued a "buy" rating and issued a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Needham & Company LLC reissued a "buy" rating and issued a $32.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Oppenheimer began coverage on SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 price objective for the company. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.48.

SentinelOne Company 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.