SG Americas Securities LLC Makes New Investment in SentinelOne, Inc. $S

SG Americas Securities LLC bought a new position in shares of SentinelOne, Inc. (NYSE:S) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,323 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in SentinelOne by 37.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company’s stock valued at $56,758,000 after acquiring an additional 853,508 shares in the last quarter. M & L Capital Management Ltd bought a new stake in shares of SentinelOne during the third quarter valued at approximately $1,338,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of SentinelOne by 40.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock valued at $5,387,000 after purchasing an additional 84,308 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of SentinelOne in the second quarter valued at approximately $4,771,000. Finally, Swedbank AB raised its position in SentinelOne by 30.7% in the 3rd quarter. Swedbank AB now owns 3,528,727 shares of the company’s stock worth $62,141,000 after purchasing an additional 828,727 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

Insider Activity at SentinelOne

In other news, insider Ana G. Pinczuk sold 11,900 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total value of $176,358.00. Following the completion of the transaction, the insider owned 560,589 shares of the company’s stock, valued at $8,307,928.98. The trade was a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robin Tomasello sold 8,509 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the sale, the chief accounting officer owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. This represents a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is owned by corporate insiders.

SentinelOne Trading Up 2.5%

Shares of S opened at $14.15 on Friday. The stock has a market cap of $4.81 billion, a P/E ratio of -11.32 and a beta of 0.77. SentinelOne, Inc. has a 1 year low of $13.46 and a 1 year high of $25.24. The stock’s 50-day moving average price is $15.17 and its two-hundred day moving average price is $16.84.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $258.91 million for 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%. SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the company posted ($0.25) EPS. As a group, equities analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on S. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of SentinelOne in a research report on Friday, December 12th. Citizens Jmp decreased their price target on SentinelOne from $29.00 to $23.00 and set a “market outperform” rating on the stock in a report on Friday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of SentinelOne in a research report on Sunday, January 4th. Rosenblatt Securities restated a “buy” rating and set a $24.00 target price on shares of SentinelOne in a research report on Friday, December 5th. Finally, DA Davidson reduced their target price on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.90.

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.