SentinelOne, Inc. (NYSE:S) Shares Bought by Barclays PLC

Barclays PLC increased its stake in SentinelOne, Inc. (NYSE:S) by 121.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 325,215 shares of the company’s stock after acquiring an additional 178,685 shares during the period. Barclays PLC’s holdings in SentinelOne were worth $7,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. bought a new position in SentinelOne during the second quarter valued at about $27,000. Raymond James & Associates boosted its position in shares of SentinelOne by 22.6% during the 2nd quarter. Raymond James & Associates now owns 308,226 shares of the company’s stock valued at $6,488,000 after purchasing an additional 56,888 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in shares of SentinelOne by 47.2% in the 2nd 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 last quarter. Bank of New York Mellon Corp raised its holdings in shares of SentinelOne by 17.8% in the 2nd 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on S shares. Westpark Capital restated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Guggenheim reiterated a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.42.

SentinelOne Stock Down 7.8 %

Shares of NYSE:S opened at $22.05 on Thursday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of -23.46 and a beta of 0.67. The business has a 50 day moving average price of $26.30 and a 200 day moving average price of $23.33. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76.

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

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $23.42, for a total value of $1,425,434.88. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $24,345,019.74. This trade represents a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the sale, the insider now owns 585,647 shares in the company, valued at $14,172,657.40. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock worth $10,373,693 in the last ninety days. 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.