Banque Cantonale Vaudoise Takes Position in SentinelOne, Inc. (NYSE:S)

Key Points

• Banque Cantonale Vaudoise has established a new position in SentinelOne, Inc. by purchasing 68,506 shares valued at approximately $1,245,000 in the first quarter.
• Institutional investors now hold 90.87% of SentinelOne's stock, with notable increases from Federated Hermes Inc. and LPL Financial LLC in the same quarter.
• SentinelOne's current stock offers a consensus price target of $24.80, and it has a market capitalization of $6.25 billion.

Banque Cantonale Vaudoise purchased a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,506 shares of the company's stock, valued at approximately $1,245,000.

Several other large investors have also modified their holdings of S. Commonwealth Equity Services LLC raised its position in SentinelOne by 15.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 44,405 shares of the company's stock worth $986,000 after acquiring an additional 6,076 shares in the last quarter. Sei Investments Co. raised its position in SentinelOne by 11.0% in the fourth quarter. Sei Investments Co. now owns 227,811 shares of the company's stock worth $5,057,000 after acquiring an additional 22,508 shares in the last quarter. LPL Financial LLC raised its position in SentinelOne by 66.3% in the fourth quarter. LPL Financial LLC now owns 127,666 shares of the company's stock worth $2,834,000 after acquiring an additional 50,917 shares in the last quarter. Prudential Financial Inc. raised its position in SentinelOne by 27.6% in the fourth quarter. Prudential Financial Inc. now owns 15,130 shares of the company's stock worth $336,000 after acquiring an additional 3,269 shares in the last quarter. Finally, Norges Bank purchased a new position in SentinelOne in the fourth quarter worth $73,528,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Price Performance

NYSE:S traded down $0.39 during mid-day trading on Friday, reaching $17.95. The company's stock had a trading volume of 6,296,714 shares, compared to its average volume of 8,049,025. The company's fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $19.56. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The stock has a market cap of $5.97 billion, a P/E ratio of -13.60 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The firm had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. The firm's revenue was up 22.9% on a year-over-year basis. Sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, insider Keenan Michael Conder sold 11,097 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $202,853.16. Following the sale, the insider directly owned 596,332 shares of the company's stock, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 10,336 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the sale, the chief executive officer directly owned 1,571,060 shares in the company, valued at approximately $29,127,452.40. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,619 shares of company stock valued at $1,386,302. Insiders own 4.33% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on S. Westpark Capital cut their price objective on SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Roth Capital set a $26.00 price objective on SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. DA Davidson cut their price objective on SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Stephens restated an "overweight" rating and issued a $25.00 price target on shares of SentinelOne in a research report on Tuesday, May 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $24.00 price target on shares of SentinelOne in a research report on Friday, May 23rd. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.80.

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.