M&T Bank Corp Raises Position in SentinelOne, Inc. (NYSE:S)

M&T Bank Corp lifted its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 71.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,043 shares of the company's stock after buying an additional 17,998 shares during the quarter. M&T Bank Corp's holdings in SentinelOne were worth $782,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of S. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne during the first quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne during the 4th quarter worth approximately $38,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne in the 4th quarter valued at approximately $40,000. GAMMA Investing LLC raised its position in shares of SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after buying an additional 942 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Stock Up 2.9%

Shares of NYSE:S opened at $17.80 on Tuesday. The company's fifty day moving average is $18.56 and its two-hundred day moving average is $19.92. The company has a market cap of $5.92 billion, a P/E ratio of -13.48 and a beta of 0.77. 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 issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

S has been the subject of several research reports. Guggenheim reiterated a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a research report on Wednesday, May 21st. Roth Capital set a $26.00 price objective on shares of SentinelOne and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Roth Mkm began coverage on shares of SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 target price on the stock. Westpark Capital reduced their price target on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Finally, Morgan Stanley lowered their price objective on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Ten equities 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.83.

Insider Activity

In other SentinelOne news, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $202,853.16. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 27,481 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 1,030,544 shares of the company's stock, valued at approximately $18,838,344.32. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,347 shares of company stock worth $3,464,807. 4.33% of the stock is owned by corporate insiders.

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.

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