SentinelOne, Inc. (NYSE:S) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of SentinelOne, Inc. (NYSE:S) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,424 shares of the company’s stock after buying an additional 1,366 shares during the period. Franklin Resources Inc.’s holdings in SentinelOne were worth $698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sylebra Capital LLC raised its stake in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the period. Eminence Capital LP lifted its stake in SentinelOne by 24.2% during 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. State Street Corp raised its stake in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares during the period. Geode Capital Management LLC boosted its position in SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after purchasing an additional 355,944 shares during the period. Finally, Atreides Management LP increased its holdings in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring an additional 2,200,594 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on S. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $32.00 in a report on Monday, October 14th. Barclays decreased their target price on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and raised their price target for the company from $27.00 to $30.00 in a report on Thursday, December 19th. Susquehanna boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research note on Thursday, December 5th. Finally, Guggenheim reissued a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.44.

SentinelOne Stock Down 1.7 %

NYSE:S opened at $22.45 on Monday. The firm has a market capitalization of $7.21 billion, a P/E ratio of -23.88 and a beta of 0.67. The stock’s fifty day simple moving average is $25.82 and its 200-day simple moving average is $23.59. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.21) EPS. As a group, equities research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total value of $1,539,859.20. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. This trade represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 418,999 shares of company stock valued at $10,352,548. 5.60% of the stock is owned by insiders.

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.