Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in SentinelOne, Inc. (NYSE:S)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in SentinelOne, Inc. by 26.5% during the first quarter, now owning 113,693 shares valued at approximately $2.07 million.
• Insider sales included CEO Tomer Weingarten and another insider selling a combined total of 21,433 shares within a month, indicating a 0.65% and 1.83% decrease in their respective ownership.
• An array of analyst price targets and ratings reflect mixed sentiment, with a consensus rating of "Moderate Buy" and an average price target of $24.80 for SentinelOne shares.

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 26.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,693 shares of the company's stock after selling 40,957 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SentinelOne were worth $2,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in S. LPL Financial LLC lifted its holdings in SentinelOne by 66.3% in the fourth quarter. LPL Financial LLC now owns 127,666 shares of the company's stock valued at $2,834,000 after acquiring an additional 50,917 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of SentinelOne by 13.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 43,343 shares of the company's stock valued at $962,000 after acquiring an additional 4,978 shares during the last quarter. GAMMA Investing LLC grew its stake 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 buying an additional 34,917 shares during the last quarter. M&T Bank Corp boosted its position in SentinelOne by 71.9% during the 1st quarter. M&T Bank Corp now owns 43,043 shares of the company's stock worth $782,000 after acquiring an additional 17,998 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of SentinelOne in the first quarter valued at $250,000. 90.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on S. Roth Capital set a $26.00 price objective on SentinelOne and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $19.00 target price (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Westpark Capital dropped their price objective on SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Roth Mkm initiated coverage on SentinelOne in a research report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective for the company. Finally, UBS Group lowered their target price on SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Ten equities 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.80.

SentinelOne Stock Performance

NYSE S traded down $0.39 on Friday, reaching $17.95. 6,296,714 shares of the company's stock traded hands, compared to its average volume of 8,366,503. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of -13.60 and a beta of 0.77. The stock has a 50 day moving average price of $18.25 and a 200-day moving average price of $19.53. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released 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 net margin of 49.36% and a negative return on equity of 15.95%. The company had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The company's revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, insider Ric Smith sold 23,518 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $18.30, for a total value of $430,379.40. Following the sale, the insider directly owned 1,007,026 shares in the company, valued at approximately $18,428,575.80. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 10,336 shares of the stock in a transaction 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 directly owned 1,571,060 shares in the company, valued at $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,619 shares of company stock valued at $1,386,302 in the last 90 days. Company insiders own 4.33% of the company's stock.

SentinelOne 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.