Bank of America Corp DE Purchases 377,542 Shares of SentinelOne, Inc. $S

Key Points

• Bank of America increased its SentinelOne stake by 17.6% in the first quarter, purchasing 377,542 additional shares and bringing its holdings to 2.52 million shares valued at approximately $32.5 million.
• Analysts maintain a broadly positive view, with 18 Buy, 10 Hold and 1 Sell rating; the stock has an average “Moderate Buy” rating and a consensus price target of $20.14.
• SentinelOne’s latest quarterly results exceeded EPS expectations, reporting $0.04 versus the $0.02 consensus, while revenue rose 20.8% year over year to $276.66 million, despite the company remaining unprofitable.

Bank of America Corp DE boosted its position in SentinelOne, Inc. (NYSE:S - Free Report) by 17.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,519,928 shares of the company's stock after buying an additional 377,542 shares during the quarter. Bank of America Corp DE owned approximately 0.74% of SentinelOne worth $32,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Woodline Partners LP bought a new stake in shares of SentinelOne in the first quarter valued at approximately $382,000. Focus Partners Wealth bought a new position in SentinelOne in the 1st quarter worth approximately $346,000. Prudential Financial Inc. boosted its holdings in SentinelOne by 28.4% in the 2nd quarter. Prudential Financial Inc. now owns 21,141 shares of the company's stock worth $386,000 after buying an additional 4,680 shares during the period. EverSource Wealth Advisors LLC grew its stake in SentinelOne by 540.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company's stock valued at $78,000 after buying an additional 3,593 shares in the last quarter. Finally, Amundi grew its stake in SentinelOne by 7.9% in the 2nd quarter. Amundi now owns 170,047 shares of the company's stock valued at $3,083,000 after buying an additional 12,495 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on S shares. UBS Group increased their target price on SentinelOne from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, May 29th. Barclays reduced their price target on SentinelOne from $19.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, May 29th. TD Cowen reiterated a "buy" rating on shares of SentinelOne in a research note on Friday, May 29th. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price objective on shares of SentinelOne in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group increased their price objective on SentinelOne from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and an average price target of $20.14.

SentinelOne Trading Down 3.1%

Shares of NYSE S opened at $23.10 on Friday. The business has a 50-day moving average of $18.06 and a 200-day moving average of $15.78. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of -24.07 and a beta of 0.79. SentinelOne, Inc. has a 12 month low of $11.81 and a 12 month high of $23.95.

SentinelOne (NYSE:S - Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. SentinelOne had a negative net margin of 30.39% and a negative return on equity of 15.35%. The business had revenue of $276.66 million for the quarter, compared to the consensus estimate of $277.31 million. During the same period last year, the firm posted $0.02 earnings per share. SentinelOne's quarterly revenue was up 20.8% on a year-over-year basis. SentinelOne has set its Q2 2027 guidance at 0.060-0.080 EPS and its FY 2027 guidance at 0.320-0.380 EPS. On average, analysts predict that SentinelOne, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In other news, insider Ana G. Pinczuk sold 6,230 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $20.09, for a total value of $125,160.70. Following the completion of the transaction, the insider directly owned 737,716 shares in the company, valued at approximately $14,820,714.44. This represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Barry L. Padgett sold 9,778 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $20.09, for a total value of $196,440.02. Following the completion of the transaction, the chief operating officer owned 977,430 shares of the company's stock, valued at $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 423,705 shares of company stock valued at $7,369,527. 4.27% of the stock is currently owned by company insiders.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne's solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company's flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.

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