Amalgamated Bank Buys 1,857 Shares of SentinelOne, Inc. (NYSE:S)

Amalgamated Bank grew its stake in shares of SentinelOne, Inc. (NYSE:S) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,886 shares of the company’s stock after buying an additional 1,857 shares during the period. Amalgamated Bank’s holdings in SentinelOne were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in SentinelOne in the second quarter worth $36,237,000. Vanguard Group Inc. increased its position in SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares during the last quarter. Eminence Capital LP increased its position in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in SentinelOne in the third quarter worth $30,972,000. Finally, AXA S.A. bought a new stake in SentinelOne in the second quarter worth $20,082,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 4.6 %

Shares of S opened at $26.11 on Monday. The firm has a market cap of $8.28 billion, a P/E ratio of -28.07 and a beta of 0.65. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The company’s 50-day moving average price is $25.12 and its 200 day moving average price is $22.56.

SentinelOne (NYSE:S) last released its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same period in the previous year, the company posted ($0.26) EPS. SentinelOne’s revenue was up 33.1% compared to the same quarter last year. Equities research analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the transaction, the insider now directly owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 432,125 shares of company stock valued at $10,367,734 over the last three months. 5.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on S. Scotiabank boosted their price target on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a research note on Wednesday, August 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a research note on Friday, October 18th. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. Finally, Citigroup lifted their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

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.