Meitav Investment House Ltd. Purchases 51,420 Shares of SentinelOne, Inc. $S

Meitav Investment House Ltd. increased its position in shares of SentinelOne, Inc. (NYSE:S) by 70.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,275 shares of the company’s stock after acquiring an additional 51,420 shares during the quarter. Meitav Investment House Ltd.’s holdings in SentinelOne were worth $2,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP bought a new stake in SentinelOne during the 1st quarter worth about $382,000. Focus Partners Wealth acquired a new stake in shares of SentinelOne during the 1st quarter worth approximately $346,000. Pallas Capital Advisors LLC lifted its holdings in SentinelOne by 33.9% in the second quarter. Pallas Capital Advisors LLC now owns 23,625 shares of the company’s stock valued at $432,000 after buying an additional 5,987 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in SentinelOne by 36.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,169 shares of the company’s stock valued at $594,000 after acquiring an additional 8,552 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in SentinelOne by 2.2% during the 2nd quarter. Diversified Trust Co now owns 55,040 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,189 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 125,429 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the completion of the transaction, the chief executive officer directly owned 1,093,108 shares in the company, valued at $16,494,999.72. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Peek acquired 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average cost of $14.89 per share, for a total transaction of $595,600.00. Following the completion of the purchase, the director owned 120,000 shares of the company’s stock, valued at $1,786,800. This trade represents a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 361,394 shares of company stock worth $5,558,207 over the last 90 days. Company insiders own 4.33% of the company’s stock.

SentinelOne Price Performance

NYSE:S opened at $13.88 on Friday. The firm’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $16.95. SentinelOne, Inc. has a one year low of $13.84 and a one year high of $25.24. The company has a market cap of $4.72 billion, a PE ratio of -11.10 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on S. TD Cowen reduced their price target on SentinelOne from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Cantor Fitzgerald cut their target price on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. Wedbush reduced their target price on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. DA Davidson lowered their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Finally, Barclays reduced their price objective on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.03.

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.