SentinelOne, Inc. (NYSE:S) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in SentinelOne, Inc. (NYSE:S) by 8.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,485,596 shares of the company’s stock after acquiring an additional 355,944 shares during the quarter. Geode Capital Management LLC owned approximately 1.41% of SentinelOne worth $107,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV boosted its holdings in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 shares during the period. Erste Asset Management GmbH purchased a new stake in SentinelOne in the 3rd quarter worth approximately $4,816,000. NorthRock Partners LLC acquired a new stake in shares of SentinelOne during the 3rd quarter valued at $5,227,000. Charles Schwab Investment Management Inc. grew its holdings in shares of SentinelOne by 55.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after acquiring an additional 921,572 shares in the last quarter. Finally, Sycomore Asset Management increased its stake in shares of SentinelOne by 40.4% in the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after acquiring an additional 83,060 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $26.28, for a total transaction of $383,241.24. Following the completion of the transaction, the insider now owns 585,647 shares in the company, valued at $15,390,803.16. This trade represents a 2.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $23.42, for a total value of $1,425,434.88. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $24,345,019.74. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock worth $10,373,693 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

NYSE S opened at $22.05 on Thursday. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The stock has a market cap of $7.09 billion, a PE ratio of -23.46 and a beta of 0.67. The firm has a 50-day simple moving average of $26.30 and a 200 day simple moving average of $23.33.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. Sanford C. Bernstein cut their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Morgan Stanley restated an “equal weight” rating and set a $29.00 price target on shares of SentinelOne in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.42.

About SentinelOne

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.