Victory Capital Management Inc. raised its holdings in SentinelOne, Inc. (NYSE:S – Get Rating) by 37.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,587 shares of the company's stock after buying an additional 18,144 shares during the period. Victory Capital Management Inc.'s holdings in SentinelOne were worth $1,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FinTrust Capital Advisors LLC acquired a new stake in shares of SentinelOne during the second quarter worth about $26,000. Islay Capital Management LLC increased its position in shares of SentinelOne by 50.0% during the second quarter. Islay Capital Management LLC now owns 1,500 shares of the company's stock worth $35,000 after purchasing an additional 500 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of SentinelOne during the first quarter worth about $43,000. Gordian Capital Singapore Pte Ltd increased its position in shares of SentinelOne by 1,881.2% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,001 shares of the company's stock worth $47,000 after purchasing an additional 1,900 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in shares of SentinelOne during the second quarter worth about $56,000. 79.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on S. Cowen cut their target price on SentinelOne from $45.00 to $35.00 in a research report on Wednesday, December 7th. JMP Securities lowered their price target on SentinelOne from $42.00 to $36.00 and set a "market outperform" rating on the stock in a report on Wednesday, December 7th. Sumitomo Mitsui Financial Group initiated coverage on SentinelOne in a report on Friday, October 7th. They set a "neutral" rating and a $30.00 price target on the stock. Cowen lowered their price target on SentinelOne from $45.00 to $35.00 in a report on Wednesday, December 7th. Finally, Guggenheim initiated coverage on SentinelOne in a report on Monday, January 23rd. They set a "buy" rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.45.

SentinelOne Price Performance

SentinelOne (NYSE:S – Get Rating) last issued its quarterly earnings data on Tuesday, December 6th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.02. SentinelOne had a negative return on equity of 20.34% and a negative net margin of 98.61%. The firm had revenue of $115.32 million during the quarter, compared to the consensus estimate of $111.00 million. During the same period in the previous year, the firm posted ($0.25) EPS. The company's quarterly revenue was up 105.9% compared to the same quarter last year. On average, equities analysts anticipate that SentinelOne, Inc. will post -1.41 earnings per share for the current year.

Insider Buying and Selling

In other SentinelOne news, CAO Robin Tomasello sold 6,669 shares of the business's stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $14.25, for a total value of $95,033.25. Following the completion of the transaction, the chief accounting officer now directly owns 70,526 shares in the company, valued at approximately $1,004,995.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other SentinelOne news, CFO David J. Bernhardt sold 1,538 shares of the business's stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $16.68, for a total value of $25,653.84. Following the completion of the transaction, the chief financial officer now directly owns 100,732 shares in the company, valued at approximately $1,680,209.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robin Tomasello sold 6,669 shares of the business's stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $14.25, for a total value of $95,033.25. Following the completion of the transaction, the chief accounting officer now owns 70,526 shares of the company's stock, valued at $1,004,995.50. The disclosure for this sale can be found here. Insiders sold 834,020 shares of company stock worth $13,007,620 in the last ninety days. Insiders own 7.48% of the company's stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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