Mirae Asset Global Investments Co. Ltd. Acquires 247,238 Shares of SentinelOne, Inc. (NYSE:S)

Mirae Asset Global Investments Co. Ltd. raised its holdings in SentinelOne, Inc. (NYSE:S) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,827,002 shares of the company’s stock after buying an additional 247,238 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.63% of SentinelOne worth $27,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC boosted its holdings in shares of SentinelOne by 43.9% in the 2nd quarter. Great Lakes Advisors LLC now owns 213,391 shares of the company’s stock valued at $3,222,000 after buying an additional 65,072 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of SentinelOne during the 2nd quarter worth about $98,000. Meitav Investment House Ltd. raised its holdings in shares of SentinelOne by 66.9% in the 2nd quarter. Meitav Investment House Ltd. now owns 91,800 shares of the company’s stock valued at $1,365,000 after purchasing an additional 36,800 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in SentinelOne by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,361,411 shares of the company’s stock valued at $20,557,000 after purchasing an additional 93,488 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in SentinelOne by 9.1% during the second quarter. Citigroup Inc. now owns 171,833 shares of the company’s stock worth $2,595,000 after purchasing an additional 14,276 shares during the period. 71.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ric Smith sold 15,621 shares of SentinelOne stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $17.57, for a total transaction of $274,460.97. Following the sale, the insider now directly owns 513,072 shares in the company, valued at $9,014,675.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Robin Tomasello sold 3,735 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $17.57, for a total transaction of $65,623.95. Following the completion of the sale, the chief accounting officer now owns 155,070 shares in the company, valued at approximately $2,724,579.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 15,621 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $17.57, for a total transaction of $274,460.97. Following the sale, the insider now directly owns 513,072 shares in the company, valued at $9,014,675.04. The disclosure for this sale can be found here. Insiders have sold a total of 270,131 shares of company stock valued at $4,444,214 in the last 90 days. 5.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

S has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on SentinelOne from $15.50 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 24th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $17.00 price objective on shares of SentinelOne in a research report on Friday, September 1st. Needham & Company LLC increased their price objective on shares of SentinelOne from $19.00 to $23.00 in a research report on Friday, September 1st. Scotiabank upped their price target on shares of SentinelOne from $15.00 to $16.50 in a research note on Friday, September 1st. Finally, DA Davidson raised their price objective on shares of SentinelOne from $13.50 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.21.

SentinelOne Trading Up 1.3 %

Shares of NYSE:S opened at $17.41 on Tuesday. The stock has a market cap of $5.15 billion, a PE ratio of -12.80 and a beta of 0.28. The stock’s fifty day simple moving average is $16.36 and its two-hundred day simple moving average is $16.28. SentinelOne, Inc. has a 1-year low of $12.43 and a 1-year high of $21.95.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, August 31st. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. SentinelOne had a negative net margin of 74.19% and a negative return on equity of 21.47%. The company had revenue of $149.42 million for the quarter, compared to analyst estimates of $140.98 million. During the same period last year, the firm earned ($0.32) earnings per share. The firm’s revenue was up 45.8% on a year-over-year basis. On average, sell-side analysts forecast that SentinelOne, Inc. will post -1.14 earnings per share for the current fiscal year.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.