Hsbc Holdings PLC Boosts Stock Position in SentinelOne, Inc. $S

Key Points

• Hsbc Holdings PLC increased its investment in SentinelOne, Inc. by 23.3%, acquiring a total of 199,721 shares valued at approximately $3,547,000 as of the latest SEC filing.
• Other institutional investors, including Envestnet Asset Management and Price T Rowe Associates, also significantly boosted their stakes in SentinelOne, with a collective 90.87% of shares now held by institutional investors.
• Despite a slight decline of 0.9% in stock price recently, SentinelOne reported a 22.9% increase in quarterly revenue year-over-year, reaching $229.03 million.

Hsbc Holdings PLC lifted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,721 shares of the company's stock after purchasing an additional 37,690 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of SentinelOne worth $3,547,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in S. CENTRAL TRUST Co acquired a new stake in shares of SentinelOne in the 1st quarter worth $26,000. Parallel Advisors LLC lifted its position in SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares during the period. GAMMA Investing LLC lifted its position in SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,622 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SentinelOne during the 4th quarter worth about $38,000. Finally, Versant Capital Management Inc lifted its position in SentinelOne by 510.9% during the 1st quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after acquiring an additional 1,921 shares during the period. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Buying and Selling

In other news, CAO Robin Tomasello sold 2,921 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $50,562.51. Following the transaction, the chief accounting officer directly owned 306,044 shares in the company, valued at $5,297,621.64. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keenan Michael Conder sold 11,097 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.28, for a total value of $202,853.16. Following the completion of the transaction, the insider owned 596,332 shares in the company, valued at $10,900,948.96. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is currently owned by company insiders.

SentinelOne Price Performance

Shares of SentinelOne stock traded up $1.30 on Friday, hitting $18.91. The company's stock had a trading volume of 19,336,839 shares, compared to its average volume of 6,222,815. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The firm has a fifty day moving average price of $17.80 and a 200-day moving average price of $18.68.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.96% and a negative net margin of 47.32%.The company had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne's revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Stephens reaffirmed an "overweight" rating and set a $25.00 price target on shares of SentinelOne in a research report on Tuesday, May 27th. Westpark Capital reaffirmed a "buy" rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday. Robert W. Baird lifted their price target on SentinelOne from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group lifted their price objective on SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Needham & Company LLC lifted their price objective on SentinelOne from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

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.