Massachusetts Financial Services Co. MA Acquires 637,577 Shares of SentinelOne, Inc. (NYSE:S)

Massachusetts Financial Services Co. MA grew its holdings in SentinelOne, Inc. (NYSE:S) by 37.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,359,065 shares of the company’s stock after purchasing an additional 637,577 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.74% of SentinelOne worth $56,429,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Eminence Capital LP boosted its stake in SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares during the period. Sylebra Capital LLC lifted its holdings in shares of SentinelOne by 10.5% in the second quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock worth $142,424,000 after buying an additional 643,097 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SentinelOne by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock valued at $77,299,000 after acquiring an additional 590,628 shares during the period. Clearbridge Investments LLC grew its stake in SentinelOne by 0.8% during the second quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after acquiring an additional 20,600 shares in the last quarter. Finally, Swedbank AB increased its holdings in SentinelOne by 25.0% during the 3rd quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock worth $59,800,000 after acquiring an additional 500,000 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on S. Scotiabank boosted their price target on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Citigroup upped their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Morgan Stanley lifted their price target on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Susquehanna upped their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company raised their target price on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.73.

SentinelOne Trading Up 1.5 %

Shares of SentinelOne stock opened at $28.54 on Monday. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The firm has a market capitalization of $9.05 billion, a P/E ratio of -30.69 and a beta of 0.65. The business has a fifty day simple moving average of $25.67 and a two-hundred day simple moving average of $22.78.

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

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the transaction, the insider now owns 636,699 shares in the company, valued at approximately $14,637,710.01. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $253,011.60. Following the sale, the insider now owns 438,363 shares in the company, valued at approximately $9,994,676.40. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock valued at $10,367,734 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

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.