Massachusetts Financial Services Co. MA Sells 608,265 Shares of SentinelOne, Inc. $S

Massachusetts Financial Services Co. MA decreased its holdings in shares of SentinelOne, Inc. (NYSE:S) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,448,269 shares of the company’s stock after selling 608,265 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.73% of SentinelOne worth $43,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne in the 2nd quarter valued at about $29,000. First Horizon Advisors Inc. increased its position in shares of SentinelOne by 287.8% in the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock worth $45,000 after purchasing an additional 1,810 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its position in shares of SentinelOne by 66.7% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock worth $55,000 after purchasing an additional 1,203 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in SentinelOne by 25.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after purchasing an additional 692 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in SentinelOne by 15,900.0% during the third quarter. Global Retirement Partners LLC now owns 3,680 shares of the company’s stock valued at $65,000 after purchasing an additional 3,657 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $13.80 on Thursday. SentinelOne, Inc. has a one year low of $13.46 and a one year high of $25.24. The business’s 50 day simple moving average is $15.22 and its two-hundred day simple moving average is $16.85. The stock has a market capitalization of $4.69 billion, a P/E ratio of -11.04 and a beta of 0.77.

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

Wall Street Analyst Weigh In

A number of research firms have commented on S. Wedbush cut their price target on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of SentinelOne in a research report on Friday, December 12th. Morgan Stanley reduced their target price on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Guggenheim restated a “buy” rating and set a $28.00 price target on shares of SentinelOne in a research report on Friday, December 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of SentinelOne in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.90.

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $14.58, for a total value of $124,061.22. Following the completion of the sale, the chief accounting officer owned 285,551 shares in the company, valued at approximately $4,163,333.58. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ana G. Pinczuk sold 11,900 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total value of $176,358.00. Following the transaction, the insider directly owned 560,589 shares in the company, valued at $8,307,928.98. This trade represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 361,394 shares of company stock valued at $5,558,207. Company insiders own 4.33% of the company’s stock.

SentinelOne Company 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.