SentinelOne, Inc. (NYSE:S) Shares Bought by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd increased its holdings in SentinelOne, Inc. by 102.1%, owning 121,550 shares worth approximately $2.21 million at the end of the last quarter.
• Institutional investors and hedge funds control about 90.87% of SentinelOne's stock, with significant increases from firms like LPL Financial LLC and CIBC Private Wealth Group LLC in the last quarter.
• SentinelOne reported earnings of $0.02 per share, matching expectations, and had a 22.9% increase in revenue year-over-year, amounting to $229.03 million.

Maxi Investments CY Ltd grew its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 102.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,550 shares of the company's stock after buying an additional 61,400 shares during the period. Maxi Investments CY Ltd's holdings in SentinelOne were worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in S. Marshall Wace LLP increased its position in SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after buying an additional 4,206,900 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of SentinelOne in the 4th quarter valued at $63,120,000. Massachusetts Financial Services Co. MA raised its position in SentinelOne by 92.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock valued at $96,898,000 after purchasing an additional 2,558,702 shares during the last quarter. Federated Hermes Inc. boosted its stake in SentinelOne by 368.5% during the 4th quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after purchasing an additional 2,047,430 shares during the period. Finally, Penserra Capital Management LLC grew its position in SentinelOne by 71.8% during the 1st quarter. Penserra Capital Management LLC now owns 3,378,778 shares of the company's stock worth $61,426,000 after purchasing an additional 1,411,626 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on S. Westpark Capital lowered their price target on SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. DA Davidson lowered their target price on SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Bank of America reissued a "neutral" rating and issued a $21.00 target price on shares of SentinelOne in a report on Thursday, May 29th. Guggenheim reaffirmed a "buy" rating and set a $28.00 price target on shares of SentinelOne in a report on Wednesday, May 21st. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SentinelOne in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.80.

Insider Activity

In other SentinelOne news, insider Keenan Michael Conder sold 11,097 shares of SentinelOne stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the sale, the insider owned 596,332 shares of the company's stock, valued at $10,900,948.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 27,481 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $502,352.68. Following the completion of the transaction, the insider directly owned 1,030,544 shares of the company's stock, valued at approximately $18,838,344.32. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,096 shares of company stock valued at $1,135,585. 4.33% of the stock is owned by insiders.

SentinelOne Price Performance

S traded down $0.63 during trading hours on Thursday, hitting $16.68. 9,114,281 shares of the stock were exchanged, compared to its average volume of 8,425,770. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -12.63 and a beta of 0.77. The stock has a 50-day simple moving average of $18.11 and a 200-day simple moving average of $19.43. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last posted 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 net margin of 49.36% and a negative return on equity of 15.95%. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne'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 year.

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.