Geode Capital Management LLC Grows Position in SentinelOne, Inc. (NYSE:S)

Geode Capital Management LLC lifted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 8.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,485,596 shares of the company's stock after acquiring an additional 355,944 shares during the quarter. Geode Capital Management LLC owned 1.41% of SentinelOne worth $107,326,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Waldron Private Wealth LLC bought a new position in SentinelOne during the 3rd quarter worth approximately $26,000. Blue Trust Inc. bought a new position in shares of SentinelOne in the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock worth $28,000 after buying an additional 434 shares during the period. Capital Performance Advisors LLP bought a new stake in SentinelOne during the 3rd quarter valued at $55,000. Finally, Huntington National Bank boosted its position in SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company's stock valued at $57,000 after buying an additional 1,765 shares during the period. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In related news, 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 sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,782,850.68. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 3,135 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the sale, the insider now owns 582,512 shares of the company's stock, valued at approximately $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 418,999 shares of company stock worth $10,373,693 over the last quarter. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on S. Morgan Stanley reiterated an "equal weight" rating and issued a $29.00 price objective on shares of SentinelOne in a report on Monday, December 2nd. Westpark Capital reaffirmed a "buy" rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. BTIG Research boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. Piper Sandler upgraded shares of SentinelOne from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Finally, Barclays reduced their price target on shares of SentinelOne from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.44.

SentinelOne Stock Up 1.3 %

SentinelOne stock traded up $0.28 during trading hours on Thursday, hitting $22.33. The stock had a trading volume of 6,048,093 shares, compared to its average volume of 5,267,447. The stock's 50-day moving average price is $26.30 and its 200-day moving average price is $23.33. The stock has a market capitalization of $7.18 billion, a P/E ratio of -23.76 and a beta of 0.67. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76.

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

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.