Penserra Capital Management LLC Sells 523,949 Shares of SentinelOne, Inc. $S

Penserra Capital Management LLC trimmed its position in shares of SentinelOne, Inc. (NYSE:S) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,926,695 shares of the company’s stock after selling 523,949 shares during the period. SentinelOne accounts for 0.8% of Penserra Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Penserra Capital Management LLC’s holdings in SentinelOne were worth $69,149,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in SentinelOne in the 2nd quarter worth $65,371,000. AQR Capital Management LLC grew its position in shares of SentinelOne by 92.6% during the second quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock worth $77,264,000 after purchasing an additional 2,051,980 shares in the last quarter. First Trust Advisors LP raised its stake in SentinelOne by 20.0% during the 2nd quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after purchasing an additional 1,589,845 shares during the period. Eminence Capital LP lifted its holdings in SentinelOne by 24.9% in the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock worth $129,209,000 after purchasing an additional 1,407,764 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in SentinelOne by 76.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,649,092 shares of the company’s stock worth $48,417,000 after purchasing an additional 1,149,309 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $24.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. Barclays cut their target price on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Bank of America decreased their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. DA Davidson cut their price objective on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, The Goldman Sachs Group reduced their target price on SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $21.72.

SentinelOne Stock Down 8.7%

Shares of NYSE:S opened at $13.14 on Wednesday. The firm has a fifty day simple moving average of $14.90 and a two-hundred day simple moving average of $16.62. SentinelOne, Inc. has a 52 week low of $12.87 and a 52 week high of $25.24. The stock has a market capitalization of $4.46 billion, a P/E ratio of -10.51 and a beta of 0.77.

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

Insiders Place Their Bets

In related news, Director Mark S. Peek bought 40,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average price of $14.89 per share, for a total transaction of $595,600.00. Following the acquisition, the director owned 120,000 shares in the company, valued at $1,786,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Barbara A. Larson sold 11,173 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 $165,583.86. Following the transaction, the chief financial officer directly owned 539,372 shares in the company, valued at approximately $7,993,493.04. This represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 361,394 shares of company stock worth $5,558,207. 4.33% of the stock is currently owned by company insiders.

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.