Banco Santander S.A. Decreases Stock Position in SentinelOne, Inc. (NYSE:S)

Key Points

• Banco Santander S.A. has reduced its stake in SentinelOne, Inc. by 19.7%, now holding 181,293 shares valued at approximately $3.3 million, following the sale of 44,363 shares during the first quarter.
• Several institutional investors, including Guggenheim Capital LLC and Laird Norton Wetherby Wealth Management LLC, have increased their holdings in SentinelOne, indicating a mixed interest among hedge funds, with 90.87% of shares owned by such investors.
• Equity analysts have set a consensus price target of $24.80 for SentinelOne stock, with varying ratings: ten hold ratings, seventeen buy ratings, and three strong buy ratings issued recently.

Banco Santander S.A. lessened its position in SentinelOne, Inc. (NYSE:S - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,293 shares of the company's stock after selling 44,363 shares during the quarter. Banco Santander S.A. owned about 0.05% of SentinelOne worth $3,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC increased its holdings in shares of SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after purchasing an additional 478 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after purchasing an additional 724 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after purchasing an additional 942 shares during the last quarter. Liberty One Investment Management LLC increased its holdings in shares of SentinelOne by 11.1% in the first quarter. Liberty One Investment Management LLC now owns 9,435 shares of the company's stock valued at $172,000 after purchasing an additional 944 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of SentinelOne by 5.7% in the first quarter. SBI Securities Co. Ltd. now owns 19,272 shares of the company's stock valued at $350,000 after purchasing an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Roth Capital set a $26.00 price target on SentinelOne and gave the company a "buy" rating in a report on Tuesday, April 22nd. Susquehanna cut their price target on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a report on Thursday, May 29th. Roth Mkm assumed coverage on SentinelOne in a report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price target for the company. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $18.00 price target (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Finally, Rosenblatt Securities began coverage on SentinelOne in a research note on Friday, July 18th. They set a "buy" rating and a $24.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.80.

SentinelOne Trading Down 2.1%

Shares of NYSE S opened at $17.95 on Friday. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The stock has a fifty day simple moving average of $18.25 and a 200-day simple moving average of $19.55. The stock has a market capitalization of $5.97 billion, a PE ratio of -13.60 and a beta of 0.77.

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

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the completion of the sale, the chief executive officer directly owned 1,571,060 shares of the company's stock, valued at $29,127,452.40. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $502,352.68. Following the sale, the insider directly owned 1,030,544 shares of the company's stock, valued at $18,838,344.32. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,619 shares of company stock worth $1,386,302. Company insiders own 4.33% of the company's stock.

About SentinelOne

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.

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