MetLife Investment Management LLC Boosts Stake in SentinelOne, Inc. (NYSE:S)

MetLife Investment Management LLC lifted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 17.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,828 shares of the company’s stock after purchasing an additional 1,012 shares during the quarter. MetLife Investment Management LLC’s holdings in SentinelOne were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of S. Eminence Capital LP boosted its position in shares of SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after buying an additional 1,337,145 shares during the period. Sylebra Capital LLC boosted its holdings in SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after acquiring an additional 643,097 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SentinelOne by 19.2% during the 2nd 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 in the last quarter. Champlain Investment Partners LLC purchased a new position in SentinelOne in the 3rd quarter valued at approximately $80,604,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of SentinelOne by 3.4% in the third quarter. Westfield Capital Management Co. LP now owns 3,310,299 shares of the company’s stock worth $79,182,000 after acquiring an additional 108,560 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on S shares. Barclays reduced their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Scotiabank boosted their target price on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Citigroup raised their price target on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Wells Fargo & Company boosted their price objective on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, BTIG Research raised their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average price target of $29.42.

SentinelOne Stock Down 4.3 %

SentinelOne stock opened at $24.67 on Tuesday. The firm has a market capitalization of $7.82 billion, a PE ratio of -26.24 and a beta of 0.67. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76. The firm’s 50-day simple moving average is $26.32 and its 200 day simple moving average is $23.19.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. On average, research analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David J. Bernhardt sold 11,222 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the sale, the chief financial officer now directly owns 477,781 shares in the company, valued at $10,224,513.40. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,187 shares of company stock worth $8,016,623 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne 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.