SentinelOne, Inc. $S Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in SentinelOne by 37.9% in Q2, adding 853,508 shares to hold 3,104,931 shares worth about $56.8 million (roughly 0.93% of the company).
• Insiders have been net sellers: CFO Barbara A. Larson sold 54,583 shares and Ric Smith sold 23,520 recently, with insiders offloading 481,090 shares (~$8.64M) over the past three months and now owning 4.33% of the stock.
• SentinelOne reported revenue of $242.18M (up 21.8% YoY) but missed EPS expectations (‑$0.22 vs. $0.03 estimate) and remains unprofitable; analysts give a "Moderate Buy" consensus with an average target price of $23.81.

JPMorgan Chase & Co. grew its position in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 37.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,104,931 shares of the company's stock after buying an additional 853,508 shares during the period. JPMorgan Chase & Co. owned about 0.93% of SentinelOne worth $56,758,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in S. Vanguard Group Inc. lifted its holdings in SentinelOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock worth $567,214,000 after acquiring an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC raised its position in shares of SentinelOne by 10.0% during the 1st quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company's stock worth $192,218,000 after purchasing an additional 959,771 shares during the period. Voya Investment Management LLC lifted its holdings in shares of SentinelOne by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company's stock worth $146,841,000 after purchasing an additional 229,230 shares during the last quarter. Geode Capital Management LLC boosted its position in SentinelOne by 9.6% during the 2nd quarter. Geode Capital Management LLC now owns 5,274,968 shares of the company's stock valued at $96,444,000 after purchasing an additional 461,259 shares during the period. Finally, Champlain Investment Partners LLC boosted its position in SentinelOne by 12.3% during the 1st quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company's stock valued at $92,537,000 after purchasing an additional 555,748 shares during the period. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Activity at SentinelOne

In other SentinelOne news, CFO Barbara A. Larson sold 54,583 shares of SentinelOne stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer directly owned 549,498 shares in the company, valued at $9,962,398.74. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ric Smith sold 23,520 shares of SentinelOne stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total transaction of $425,006.40. Following the completion of the sale, the insider directly owned 928,021 shares of the company's stock, valued at approximately $16,769,339.47. The trade was a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 481,090 shares of company stock worth $8,637,206. 4.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird upped their target price on shares of SentinelOne from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on SentinelOne from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. JMP Securities restated a "market outperform" rating and issued a $29.00 target price on shares of SentinelOne in a research report on Tuesday, September 9th. Citigroup reiterated a "neutral" rating on shares of SentinelOne in a research report on Tuesday, September 16th. Finally, Cantor Fitzgerald decreased their price target on SentinelOne from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.81.

SentinelOne Trading Up 1.6%

NYSE S opened at $16.20 on Monday. SentinelOne, Inc. has a 1 year low of $15.17 and a 1 year high of $29.06. The company has a market cap of $5.40 billion, a PE ratio of -12.27 and a beta of 0.76. The stock's 50-day moving average price is $17.15 and its two-hundred day moving average price is $17.77.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.The firm had revenue of $242.18 million for the quarter, compared to analysts' expectations of $242.17 million. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. The company's revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.

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