Erste Asset Management GmbH Sells 370,780 Shares of SentinelOne, Inc. $S

Erste Asset Management GmbH cut its holdings in shares of SentinelOne, Inc. (NYSE:S) by 86.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,220 shares of the company’s stock after selling 370,780 shares during the period. Erste Asset Management GmbH’s holdings in SentinelOne were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Woodline Partners LP bought a new stake in shares of SentinelOne during the first quarter worth approximately $382,000. Focus Partners Wealth acquired a new stake in SentinelOne during the 1st quarter worth $346,000. AlphaQuest LLC bought a new stake in shares of SentinelOne during the 2nd quarter valued at $115,000. Oppenheimer Asset Management Inc. raised its position in shares of SentinelOne by 8.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,997 shares of the company’s stock valued at $256,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of SentinelOne by 27.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 98,544 shares of the company’s stock valued at $1,801,000 after purchasing an additional 21,108 shares during the period. Institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

NYSE S opened at $13.12 on Monday. SentinelOne, Inc. has a one year low of $12.23 and a one year high of $21.40. The firm has a market cap of $4.46 billion, a P/E ratio of -10.49 and a beta of 0.77. The stock’s 50-day moving average is $14.12 and its 200-day moving average is $16.00.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.25) EPS. Equities analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on S shares. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of SentinelOne in a research note on Friday, December 12th. Canaccord Genuity Group decreased their target price on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SentinelOne in a research note on Monday, December 29th. Westpark Capital reiterated a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research report on Friday, December 5th. Finally, Citizens Jmp set a $23.00 price objective on shares of SentinelOne in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.53.

Insider Activity at SentinelOne

In related news, insider Keenan Michael Conder sold 4,237 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the completion of the transaction, the insider directly owned 562,362 shares of the company’s stock, valued at approximately $7,395,060.30. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robin Tomasello sold 2,975 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $13.15, for a total value of $39,121.25. Following the transaction, the chief accounting officer owned 411,034 shares of the company’s stock, valued at approximately $5,405,097.10. This trade represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 331,694 shares of company stock valued at $4,849,673 over the last three months. Insiders own 4.33% of the company’s stock.

SentinelOne Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.