Victory Capital Management Inc. Purchases 3,836 Shares of SentinelOne, Inc. (NYSE:S)

Victory Capital Management Inc. grew its holdings in SentinelOne, Inc. (NYSE:S) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,944 shares of the company’s stock after buying an additional 3,836 shares during the quarter. Victory Capital Management Inc.’s holdings in SentinelOne were worth $715,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in shares of SentinelOne by 92.7% during the 2nd quarter. National Bank of Canada FI now owns 4,158 shares of the company’s stock worth $85,000 after buying an additional 2,000 shares during the period. Whalen Wealth Management Inc. bought a new position in shares of SentinelOne during the second quarter valued at $273,000. Versor Investments LP acquired a new stake in shares of SentinelOne in the 2nd quarter valued at $297,000. Van ECK Associates Corp grew its holdings in shares of SentinelOne by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 94,526 shares of the company’s stock worth $1,990,000 after purchasing an additional 4,932 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of SentinelOne by 43.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock worth $821,000 after purchasing an additional 11,800 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $21.83, for a total value of $1,328,661.12. Following the transaction, the chief executive officer now owns 1,119,312 shares of the company’s stock, valued at $24,434,580.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the transaction, the chief financial officer now directly owns 477,781 shares in the company, valued at $10,224,513.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $21.83, for a total value of $1,328,661.12. Following the completion of the sale, the chief executive officer now owns 1,119,312 shares in the company, valued at approximately $24,434,580.96. The disclosure for this sale can be found here. Insiders have sold a total of 574,769 shares of company stock valued at $12,295,560 over the last 90 days. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

S has been the topic of several research analyst reports. Susquehanna upped their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price target on shares of SentinelOne in a report on Monday, August 26th. Guggenheim restated a “buy” rating and set a $23.00 target price on shares of SentinelOne in a report on Tuesday, June 25th. UBS Group cut their price target on SentinelOne from $29.00 to $27.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $27.83.

SentinelOne Stock Performance

Shares of NYSE:S opened at $24.40 on Friday. The company has a 50 day moving average price of $22.85 and a two-hundred day moving average price of $21.79. The company has a market capitalization of $7.63 billion, a PE ratio of -23.92 and a beta of 0.67. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) EPS. On average, sell-side analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.