Migdal Insurance & Financial Holdings Ltd. Sells 134,327 Shares of SentinelOne, Inc. $S

Migdal Insurance & Financial Holdings Ltd. lowered its position in SentinelOne, Inc. (NYSE:S) by 13.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 850,765 shares of the company’s stock after selling 134,327 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in SentinelOne were worth $14,982,000 as of its most recent filing with the SEC.

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

SentinelOne Trading Down 2.3%

S opened at $13.58 on Wednesday. SentinelOne, Inc. has a 1-year low of $13.55 and a 1-year high of $25.24. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -10.86 and a beta of 0.77. The company’s fifty day moving average price is $15.29 and its two-hundred day moving average price is $16.88.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share (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 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 business’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the company earned ($0.25) earnings per share. As a group, equities analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, Director Mark S. Peek bought 40,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $14.89 per share, for a total transaction of $595,600.00. Following the completion of the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Barbara A. Larson sold 11,173 shares of SentinelOne 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. The trade was a 2.03% decrease in their position. 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 worth $5,558,207. 4.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

S has been the subject of a number of research analyst reports. Barclays lowered their target price on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. JMP Securities set a $23.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. Cantor Fitzgerald dropped their target price on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Cowen reissued a “buy” rating on shares of SentinelOne in a research note on Friday, December 5th. Finally, Bank of America decreased their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.03.

About SentinelOne

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.