PNC Financial Services Group Inc. grew its holdings in SentinelOne, Inc. (NYSE:S – Free Report) by 17.8% during the third quarter, HoldingsChannel reports. The fund owned 23,696 shares of the company’s stock after purchasing an additional 3,581 shares during the period. PNC Financial Services Group Inc.’s holdings in SentinelOne were worth $400,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of SentinelOne in the 1st quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in SentinelOne during the 3rd quarter worth approximately $25,000. CWM LLC grew its stake in SentinelOne by 57.4% during the 2nd quarter. CWM LLC now owns 1,969 shares of the company’s stock worth $30,000 after buying an additional 718 shares during the last quarter. International Assets Investment Management LLC purchased a new position in SentinelOne during the 3rd quarter worth approximately $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in SentinelOne during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on S. The Goldman Sachs Group raised their price target on SentinelOne from $19.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. StockNews.com upgraded SentinelOne to a “sell” rating in a research note on Friday, January 12th. Bank of America upgraded SentinelOne from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.50 to $35.00 in a research note on Wednesday, February 14th. TD Cowen lifted their target price on SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Finally, JMP Securities lifted their target price on SentinelOne from $22.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne has an average rating of “Hold” and a consensus price target of $24.02.
Check Out Our Latest Research Report on SentinelOne
SentinelOne Stock Performance
Shares of S stock opened at $27.90 on Friday. The stock has a fifty day moving average price of $26.92 and a 200 day moving average price of $20.96. The stock has a market cap of $8.33 billion, a PE ratio of -22.32 and a beta of 0.70. SentinelOne, Inc. has a 1 year low of $12.43 and a 1 year high of $30.76.
SentinelOne (NYSE:S – Get Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. SentinelOne had a negative return on equity of 20.10% and a negative net margin of 62.89%. The company had revenue of $164.20 million during the quarter, compared to analysts’ expectations of $156.09 million. During the same period in the previous year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, equities research analysts predict that SentinelOne, Inc. will post -1.05 earnings per share for the current year.
Insider Transactions at SentinelOne
In other news, CFO David J. Bernhardt sold 34,021 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $30.03, for a total value of $1,021,650.63. Following the completion of the transaction, the chief financial officer now directly owns 403,132 shares of the company’s stock, valued at $12,106,053.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO David J. Bernhardt sold 34,021 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $30.03, for a total value of $1,021,650.63. Following the completion of the transaction, the chief financial officer now directly owns 403,132 shares of the company’s stock, valued at $12,106,053.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 517,103 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $22.76, for a total value of $11,769,264.28. The disclosure for this sale can be found here. Insiders sold a total of 1,171,711 shares of company stock valued at $27,807,497 over the last three months. 5.93% of the stock is currently owned by insiders.
SentinelOne Profile
SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization’s endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.
Recommended Stories
Want to see what other hedge funds are holding S? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SentinelOne, Inc. (NYSE:S – Free Report).
Receive News & Ratings for SentinelOne Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SentinelOne and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
