Royal Bank of Canada Acquires 18,871 Shares of SentinelOne, Inc. (NYSE:S)

Royal Bank of Canada grew its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 867,595 shares of the company's stock after acquiring an additional 18,871 shares during the quarter. Royal Bank of Canada owned about 0.27% of SentinelOne worth $19,260,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company's stock valued at $663,366,000 after acquiring an additional 399,056 shares during the last quarter. Eminence Capital LP lifted its stake in SentinelOne by 6.4% during the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock valued at $145,052,000 after purchasing an additional 392,986 shares during the last quarter. Invesco Ltd. lifted its stake in SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after purchasing an additional 900,577 shares during the last quarter. Marshall Wace LLP boosted its holdings 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in SentinelOne by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,555,878 shares of the company's stock worth $101,175,000 after buying an additional 70,282 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a research report on Friday, May 23rd. Westpark Capital cut their price objective on SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Robert W. Baird cut their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Roth Mkm began coverage on SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and a consensus target price of $26.10.

Insider Activity

In other SentinelOne news, CAO Robin Tomasello sold 1,496 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the sale, the chief accounting officer now owns 233,484 shares in the company, valued at approximately $4,615,978.68. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 81,619 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the sale, the chief executive officer now owns 879,494 shares of the company's stock, valued at $17,229,287.46. This represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is owned by company insiders.

SentinelOne Price Performance

Shares of S stock traded down $0.41 on Wednesday, hitting $19.67. The company's stock had a trading volume of 10,317,749 shares, compared to its average volume of 5,059,498. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The firm's fifty day moving average price is $18.60 and its 200-day moving average price is $21.73. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of -20.93 and a beta of 0.81.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.21). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. Analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal 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.