Moody National Bank Trust Division grew its holdings in SentinelOne, Inc. (NYSE:S – Free Report) by 72.2% during the second quarter, Holdings Channel.com reports. The firm owned 136,518 shares of the company’s stock after acquiring an additional 57,261 shares during the quarter. Moody National Bank Trust Division’s holdings in SentinelOne were worth $2,317,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in S. Versant Capital Management Inc boosted its holdings in SentinelOne by 31.1% during the second quarter. Versant Capital Management Inc now owns 5,221 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the last quarter. Pacer Advisors Inc. increased its stake in SentinelOne by 31.2% in the 1st quarter. Pacer Advisors Inc. now owns 41,541 shares of the company’s stock valued at $535,000 after buying an additional 9,888 shares during the last quarter. Empowered Funds LLC increased its stake in SentinelOne by 133.2% in the 1st quarter. Empowered Funds LLC now owns 21,999 shares of the company’s stock valued at $283,000 after buying an additional 12,564 shares during the last quarter. Parallel Advisors LLC lifted its position in SentinelOne by 277.7% during the 1st quarter. Parallel Advisors LLC now owns 5,318 shares of the company’s stock worth $68,000 after buying an additional 3,910 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in SentinelOne by 137.1% during the 1st quarter. NewEdge Advisors LLC now owns 16,889 shares of the company’s stock worth $218,000 after buying an additional 9,765 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.
SentinelOne Price Performance
Shares of S stock opened at $21.03 on Wednesday. The stock has a market cap of $7.21 billion, a P/E ratio of -21.90 and a beta of 0.79. The company has a fifty day moving average price of $17.25 and a two-hundred day moving average price of $15.33. SentinelOne, Inc. has a one year low of $11.81 and a one year high of $21.06.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on S. Cantor Fitzgerald increased their price objective on shares of SentinelOne from $18.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. DA Davidson lowered their target price on SentinelOne from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. TD Cowen reiterated a “buy” rating on shares of SentinelOne in a report on Friday, May 29th. Oppenheimer increased their price target on SentinelOne from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Wolfe Research set a $20.00 price target on SentinelOne in a research note on Friday, May 29th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.93.
Read Our Latest Analysis on SentinelOne
Insiders Place Their Bets
In related news, CAO Robin Tomasello sold 11,905 shares of SentinelOne stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $15.70, for a total transaction of $186,908.50. Following the completion of the transaction, the chief accounting officer owned 445,330 shares in the company, valued at approximately $6,991,681. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tomer Weingarten sold 57,941 shares of SentinelOne stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $18.75, for a total value of $1,086,393.75. Following the transaction, the chief executive officer owned 1,894,397 shares of the company’s stock, valued at $35,519,943.75. The trade was a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 322,045 shares of company stock worth $5,328,034 in the last three months. Insiders own 4.27% 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.
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