Victory Capital Management Inc. Purchases 3,836 Shares of SentinelOne, Inc. (NYSE:S)

Victory Capital Management Inc. boosted its position in shares of SentinelOne, Inc. (NYSE:S) by 12.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 33,944 shares of the company’s stock after buying an additional 3,836 shares during the quarter. Victory Capital Management Inc.’s holdings in SentinelOne were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in shares of SentinelOne by 92.7% during the 2nd quarter. National Bank of Canada FI now owns 4,158 shares of the company’s stock worth $85,000 after purchasing an additional 2,000 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in SentinelOne during the second quarter worth approximately $273,000. Versor Investments LP acquired a new position in SentinelOne during the second quarter worth approximately $297,000. Van ECK Associates Corp raised its stake in SentinelOne by 5.5% in the second quarter. Van ECK Associates Corp now owns 94,526 shares of the company’s stock valued at $1,990,000 after buying an additional 4,932 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of SentinelOne by 43.4% in the second quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock valued at $821,000 after buying an additional 11,800 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

S has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Wedbush increased their price objective on shares of SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Sanford C. Bernstein reduced their target price on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Barclays upped their price target on shares of SentinelOne from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Loop Capital raised their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.83.

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the sale, the chief financial officer now directly owns 504,085 shares in the company, valued at approximately $10,363,987.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the transaction, the chief financial officer now directly owns 504,085 shares in the company, valued at approximately $10,363,987.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the business’s stock in a transaction on 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 owns 636,699 shares in the company, valued at approximately $13,090,531.44. The disclosure for this sale can be found here. Insiders sold a total of 574,769 shares of company stock worth $12,295,560 in the last ninety days. 5.60% of the stock is owned by insiders.

SentinelOne Stock Down 2.8 %

S stock opened at $24.40 on Friday. The company’s 50-day moving average price is $22.85 and its two-hundred day moving average price is $21.79. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The firm has a market cap of $7.63 billion, a P/E ratio of -23.92 and a beta of 0.67.

SentinelOne (NYSE:S) last released its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.26) earnings per share. Equities analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current 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.