Massachusetts Financial Services Co. MA Buys 2,558,702 Shares of SentinelOne, Inc. (NYSE:S)

Massachusetts Financial Services Co. MA increased its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 92.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,329,905 shares of the company's stock after buying an additional 2,558,702 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.62% of SentinelOne worth $96,898,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of S. LPL Financial LLC grew its stake in SentinelOne by 66.3% in the 4th quarter. LPL Financial LLC now owns 127,666 shares of the company's stock valued at $2,834,000 after purchasing an additional 50,917 shares during the period. Pictet Asset Management Holding SA grew its stake in SentinelOne by 13.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 43,343 shares of the company's stock valued at $962,000 after purchasing an additional 4,978 shares during the period. GAMMA Investing LLC grew its stake in SentinelOne by 11,049.7% in the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock valued at $641,000 after purchasing an additional 34,917 shares during the period. M&T Bank Corp grew its stake in SentinelOne by 71.9% in the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock valued at $782,000 after purchasing an additional 17,998 shares during the period. Finally, Merit Financial Group LLC bought a new position in SentinelOne in the 1st quarter valued at $250,000. Institutional investors own 90.87% of the company's stock.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 10,336 shares of SentinelOne stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction on Monday, June 9th. The stock was sold at an average price of $18.30, for a total value of $430,379.40. Following the completion of the sale, the insider directly owned 1,007,026 shares of the company's stock, valued at $18,428,575.80. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,347 shares of company stock valued at $3,464,807. Corporate insiders own 4.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group dropped their price target on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Guggenheim reaffirmed a "buy" rating and set a $28.00 price target on shares of SentinelOne in a research report on Wednesday, May 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $19.00 price target (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Barclays dropped their price target on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 29th. Finally, Roth Mkm assumed coverage on SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.83.

SentinelOne Stock Up 0.4%

S opened at $17.70 on Thursday. The stock has a market cap of $5.89 billion, a PE ratio of -13.41 and a beta of 0.77. The business has a 50 day moving average of $18.49 and a 200-day moving average of $19.85. SentinelOne, Inc. has a 52 week low of $15.36 and a 52 week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The business's revenue was up 22.9% compared to the same quarter last year. Equities analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

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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