Deutsche Bank AG Acquires 26,528 Shares of SentinelOne, Inc. (NYSE:S)

Key Points

• Deutsche Bank AG has increased its stake in SentinelOne, Inc. by 3.0% during Q1, owning a total of 900,381 shares valued at approximately $16.4 million.
• The company reported revenue of $229.03 million for the recent quarter, up 22.9% year-over-year, and EPS of $0.02, matching analysts' expectations.
• Institutional investors and hedge funds now own 90.87% of SentinelOne's stock, indicating strong institutional interest in the company.

Deutsche Bank AG raised its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 900,381 shares of the company's stock after acquiring an additional 26,528 shares during the period. Deutsche Bank AG owned approximately 0.27% of SentinelOne worth $16,369,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of S. GAMMA Investing LLC grew its position in SentinelOne by 11,049.7% during the 1st quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock worth $641,000 after acquiring an additional 34,917 shares during the last quarter. M&T Bank Corp grew its position in shares of SentinelOne by 71.9% in the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock worth $782,000 after buying an additional 17,998 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of SentinelOne in the 1st quarter worth approximately $250,000. Oppenheimer & Co. Inc. grew its position in shares of SentinelOne by 54.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock worth $928,000 after buying an additional 18,009 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of SentinelOne by 12.1% in the 1st quarter. Farther Finance Advisors LLC now owns 14,861 shares of the company's stock worth $277,000 after buying an additional 1,600 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Keenan Michael Conder sold 5,827 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $100,865.37. Following the completion of the sale, the insider owned 590,505 shares of the company's stock, valued at approximately $10,221,641.55. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 31,916 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $552,465.96. Following the sale, the chief executive officer directly owned 1,500,460 shares of the company's stock, valued at $25,972,962.60. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,730 shares of company stock worth $2,366,017 in the last three months. 4.33% of the stock is owned by insiders.

SentinelOne Trading Up 1.4%

NYSE:S traded up $0.23 during trading hours on Friday, reaching $16.80. 3,743,028 shares of the company traded hands, compared to its average volume of 8,928,790. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The business's 50-day moving average price is $17.93 and its two-hundred day moving average price is $19.15. The stock has a market capitalization of $5.59 billion, a P/E ratio of -12.73 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 29th. Rosenblatt Securities assumed coverage on SentinelOne in a research report on Friday, July 18th. They issued a "buy" rating and a $24.00 price objective on the stock. UBS Group cut their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $24.00 price objective on shares of SentinelOne in a research report on Friday, May 23rd. Finally, Sanford C. Bernstein lowered their target price on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

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.