Migdal Insurance & Financial Holdings Ltd. Increases Stock Position in SentinelOne, Inc. (NYSE:S)

Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 40.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 884,223 shares of the company's stock after buying an additional 255,055 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.27% of SentinelOne worth $16,075,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after acquiring an additional 4,206,900 shares in the last quarter. Norges Bank bought a new position in shares of SentinelOne during the fourth quarter valued at approximately $73,528,000. Point72 Asset Management L.P. bought a new position in shares of SentinelOne during the fourth quarter valued at approximately $63,120,000. Massachusetts Financial Services Co. MA boosted its stake in shares of SentinelOne by 92.3% during the first 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 in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of SentinelOne by 368.5% during the fourth quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock valued at $57,787,000 after purchasing an additional 2,047,430 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Keenan Michael Conder sold 11,097 shares of the firm'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 transaction, the insider owned 596,332 shares in the company, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 10,336 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total transaction of $191,629.44. Following the completion of the transaction, the chief executive officer owned 1,571,060 shares in the company, valued at $29,127,452.40. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,347 shares of company stock valued at $3,464,807. Insiders own 4.33% of the company's stock.

Analyst Ratings Changes

S has been the subject of a number of analyst reports. Susquehanna decreased their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research report on Thursday, May 29th. Westpark Capital reduced their target price on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Stephens reissued an "overweight" rating and set a $25.00 target price on shares of SentinelOne in a report on Tuesday, May 27th. Finally, Morgan Stanley reduced their target price on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Trading Up 2.6%

Shares of NYSE:S traded up $0.47 on Friday, reaching $18.19. 475,045 shares of the company were exchanged, compared to its average volume of 5,151,301. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of -13.79 and a beta of 0.77. The company has a 50-day moving average of $18.46 and a 200-day moving average of $19.82.

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