Mirae Asset Global Investments Co. Ltd. Sells 11,979 Shares of SentinelOne, Inc. (NYSE:S)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of SentinelOne, Inc. (NYSE:S) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,248 shares of the company’s stock after selling 11,979 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SentinelOne were worth $657,000 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. Waldron Private Wealth LLC bought a new position in shares of SentinelOne in the third quarter valued at about $26,000. Modus Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter valued at about $48,000. Capital Performance Advisors LLP bought a new position in shares of SentinelOne in the third quarter valued at about $55,000. Blue Trust Inc. raised its holdings in shares of SentinelOne by 105.9% in the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,223 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of SentinelOne by 287.9% in the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,765 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on S shares. Sanford C. Bernstein dropped their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Barclays dropped their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Oppenheimer started coverage on SentinelOne in a report on Wednesday, January 15th. They set an “outperform” rating and a $32.00 price objective for the company. Canaccord Genuity Group reissued a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. Finally, Westpark Capital restated a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.56.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total value of $331,763.25. Following the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. This represents a 2.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,658,092.02. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,699 shares of company stock worth $6,712,815. Company insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 0.9 %

Shares of SentinelOne stock opened at $24.20 on Thursday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $30.76. The stock has a market cap of $7.78 billion, a P/E ratio of -25.74 and a beta of 0.75. The business’s 50 day moving average is $23.19 and its 200-day moving average is $24.22.

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