Wilmington Savings Fund Society FSB Invests $67,000 in SentinelOne, Inc. (NYSE:S)

Wilmington Savings Fund Society FSB acquired a new stake in SentinelOne, Inc. (NYSE:S) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,805 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in shares of SentinelOne in the second quarter worth $27,000. Raymond James & Associates raised its stake in shares of SentinelOne by 22.6% during the second quarter. Raymond James & Associates now owns 308,226 shares of the company’s stock valued at $6,488,000 after acquiring an additional 56,888 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in shares of SentinelOne by 47.2% during the second quarter. EFG Asset Management North America Corp. now owns 54,345 shares of the company’s stock worth $1,145,000 after purchasing an additional 17,432 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of SentinelOne by 17.8% during the second quarter. Bank of New York Mellon Corp now owns 1,642,664 shares of the company’s stock worth $34,578,000 after purchasing an additional 247,840 shares during the period. Finally, Allspring Global Investments Holdings LLC grew 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 purchasing an additional 434 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 0.4 %

Shares of S opened at $22.43 on Friday. The company has a market cap of $7.21 billion, a price-to-earnings ratio of -23.86 and a beta of 0.67. The business’s fifty day simple moving average is $26.16 and its two-hundred day simple moving average is $23.36. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. As a group, research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on S. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $29.00 target price on shares of SentinelOne in a research report on Monday, December 2nd. Loop Capital boosted their price target on shares of SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Sanford C. Bernstein lowered their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.44.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Monday, October 7th. The shares were sold at an average price of $23.42, for a total transaction of $1,425,434.88. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at $24,345,019.74. This trade represents a 5.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. This trade 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 valued at $10,373,693 over the last 90 days. Company insiders own 5.60% of the company’s stock.

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.