Bank of New York Mellon Corp Has $31.21 Million Stake in SentinelOne, Inc. (NYSE:S)

Bank of New York Mellon Corp raised its position in SentinelOne, Inc. (NYSE:S - Free Report) by 8.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,716,639 shares of the company's stock after buying an additional 136,417 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.52% of SentinelOne worth $31,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock worth $764,000 after acquiring an additional 478 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after acquiring an additional 724 shares in the last quarter. Parallel Advisors LLC raised its position in SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares in the last quarter. Jones Financial Companies Lllp raised its position in SentinelOne by 48.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock worth $73,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in SentinelOne by 9.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 12,918 shares of the company's stock valued at $235,000 after purchasing an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 27,481 shares of the business's 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 sale, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction on 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 directly owned 596,332 shares in the company, valued at $10,900,948.96. This represents a 1.83% 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 worth $3,464,807. 4.33% of the stock is currently owned by corporate insiders.

SentinelOne Trading Up 0.4%

NYSE S traded up $0.07 during mid-day trading on Wednesday, reaching $17.70. 5,383,393 shares of the company's stock traded hands, compared to its average volume of 5,172,433. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29. The company has a fifty day simple moving average of $18.52 and a 200-day simple moving average of $19.87. The company has a market cap of $5.89 billion, a price-to-earnings ratio of -13.41 and a beta of 0.77.

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

Analysts Set New Price Targets

A number of analysts recently commented on S shares. Westpark Capital decreased their price objective on SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Stephens reaffirmed an "overweight" rating and set a $25.00 price objective on shares of SentinelOne in a research note on Tuesday, May 27th. Guggenheim reaffirmed a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Finally, Susquehanna decreased their price target on SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research note on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.83.

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.