SentinelOne, Inc. (NYSE:S) Shares Purchased by State Street Corp

State Street Corp raised its position in SentinelOne, Inc. (NYSE:S - Free Report) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,072,097 shares of the company's stock after acquiring an additional 516,244 shares during the quarter. State Street Corp owned approximately 1.60% of SentinelOne worth $121,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of S. Eminence Capital LP boosted its holdings in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the period. Sylebra Capital LLC boosted its stake in shares of SentinelOne by 10.5% in the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company's stock valued at $142,424,000 after buying an additional 643,097 shares during the period. Atreides Management LP grew its position in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock worth $90,965,000 after buying an additional 2,200,594 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SentinelOne by 19.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company's stock worth $77,299,000 after buying an additional 590,628 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in SentinelOne in the third quarter valued at approximately $80,604,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup lifted their price target on SentinelOne from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, August 28th. Scotiabank boosted their target price on SentinelOne from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 5th. Morgan Stanley restated an "equal weight" rating and set a $29.00 price objective on shares of SentinelOne in a research report on Monday, December 2nd. Barclays dropped their target price 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. Finally, BTIG Research boosted their price target 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. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.42.

SentinelOne Price Performance

NYSE:S traded down $0.11 during trading hours on Friday, reaching $23.91. 4,701,534 shares of the company traded hands, compared to its average volume of 5,699,877. The firm's 50-day moving average is $26.36 and its 200-day moving average is $23.24. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last announced its 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 firm 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 firm's revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) EPS. On average, analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 82,116 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was 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 directly owns 959,682 shares in the company, valued at approximately $22,658,092.02. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 41,170 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 418,999 shares of company stock worth $10,373,693 in the last ninety days. Insiders own 5.60% of the company's stock.

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.