Truist Financial Corp Has $643,000 Stock Position in SentinelOne, Inc. (NYSE:S)

Truist Financial Corp boosted its stake in shares of SentinelOne, Inc. (NYSE:S) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,968 shares of the company’s stock after acquiring an additional 2,690 shares during the quarter. Truist Financial Corp’s holdings in SentinelOne were worth $643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in S. Sylebra Capital LLC raised its position 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 worth $216,451,000 after acquiring an additional 2,282,980 shares during the last quarter. State Street Corp increased its position in SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after purchasing an additional 516,244 shares during the period. Geode Capital Management LLC raised its holdings in SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after purchasing an additional 355,944 shares during the last quarter. Atreides Management LP lifted its position in SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares during the period. Finally, Champlain Investment Partners LLC bought a new position in shares of SentinelOne in the 3rd quarter valued at about $80,604,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Up 1.5 %

NYSE S opened at $20.63 on Monday. The firm’s 50 day moving average is $22.92 and its 200-day moving average is $24.32. The company has a market capitalization of $6.63 billion, a PE ratio of -21.94 and a beta of 0.75. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29.

SentinelOne (NYSE:S) last issued 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 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 analyst estimates of $209.73 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays reduced their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird raised their target price on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Cantor Fitzgerald assumed coverage on SentinelOne in a research note on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price target for the company. Susquehanna increased their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.48.

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $20.96, for a total value of $305,680.64. Following the completion of the sale, the insider now owns 529,118 shares in the company, valued at $11,090,313.28. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 82,116 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the transaction, the chief executive officer now owns 959,682 shares in the company, valued at $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. Over the last quarter, insiders have sold 371,925 shares of company stock worth $8,729,445. Corporate insiders own 5.60% of the company’s stock.

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.