SentinelOne, Inc. (NYSE:S) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its position in SentinelOne, Inc. (NYSE:S) by 42.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,583 shares of the company’s stock after buying an additional 4,370 shares during the period. M&T Bank Corp’s holdings in SentinelOne were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Champlain Investment Partners LLC purchased a new position in SentinelOne during the third quarter worth about $80,604,000. Atreides Management LP raised its stake in 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 purchasing an additional 2,200,594 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of SentinelOne during the 2nd quarter valued at $36,237,000. Eminence Capital LP increased its holdings in shares of SentinelOne by 24.2% during the 2nd 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 last quarter. Finally, Stephens Investment Management Group LLC acquired a new position in SentinelOne in the third quarter valued at $30,972,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on S. Morgan Stanley reiterated an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a report on Monday, December 2nd. Wells Fargo & Company upped their price target on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Guggenheim reiterated a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Robert W. Baird boosted their price target on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $29.42.

SentinelOne Stock Performance

SentinelOne stock opened at $22.05 on Thursday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The firm’s 50-day moving average is $26.30 and its 200-day moving average is $23.33. The company has a market cap of $7.09 billion, a P/E ratio of -23.46 and a beta of 0.67.

SentinelOne (NYSE:S) last issued 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 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%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) EPS. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. This represents a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total value of $352,908.60. Following the sale, the insider now directly owns 585,647 shares in the company, valued at $14,172,657.40. The trade was a 2.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 418,999 shares of company stock worth $10,373,693 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

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.