SentinelOne, Inc. (NYSE:S) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,491 shares of the company’s stock after buying an additional 1,111 shares during the quarter. Principal Financial Group Inc.’s holdings in SentinelOne were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne during the 3rd quarter worth $26,000. Allspring Global Investments Holdings LLC raised its stake in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the period. Capital Performance Advisors LLP acquired a new position in SentinelOne in the 3rd quarter valued at about $55,000. Blue Trust Inc. grew its stake in shares of SentinelOne by 105.9% in the 3rd 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 period. Finally, Huntington National Bank increased its holdings in shares of SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after buying an additional 1,765 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on S. Barclays lowered their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Wedbush raised SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their target price for the company from $25.00 to $32.00 in a research report on Monday, October 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, September 13th. Finally, Susquehanna boosted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.44.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total transaction of $987,256.60. Following the sale, the insider now directly owns 531,459 shares in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Wednesday, October 9th. The shares were 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 directly owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 358,135 shares of company stock valued at $8,927,113. Company insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 1.1 %

S opened at $22.81 on Monday. The firm has a market capitalization of $7.33 billion, a P/E ratio of -24.27 and a beta of 0.67. The firm’s 50 day moving average is $25.46 and its 200-day moving average is $23.77. 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 results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period last year, the firm earned ($0.21) EPS. The business’s quarterly revenue was up 28.3% on a year-over-year basis. Equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

SentinelOne 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.