SentinelOne, Inc. $S Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments initiated a position in SentinelOne, buying 74,137 shares worth approximately $1.76 million in the third quarter. Institutional investors and hedge funds collectively own about 90.9% of the stock.
• SentinelOne reported quarterly EPS of $0.08, topping the $0.07 consensus, while revenue rose 20.6% year over year to $291.98 million. Revenue also modestly exceeded analyst expectations.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $24.61. Separately, company insiders sold 755,582 shares worth about $18 million over the past 90 days.

Mirae Asset Global Investments Co. Ltd. bought a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 74,137 shares of the company's stock, valued at approximately $1,761,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of S. Wellington Management Group LLP raised its position in shares of SentinelOne by 216.0% during the 2nd quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company's stock worth $85,110,000 after purchasing an additional 3,428,192 shares during the period. Dimensional Fund Advisors LP boosted its position in SentinelOne by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,592,248 shares of the company's stock valued at $59,142,000 after purchasing an additional 461,411 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in SentinelOne during the 2nd quarter valued at approximately $59,607,000. Bank of America Corp DE grew its stake in SentinelOne by 17.6% during the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company's stock worth $32,457,000 after buying an additional 377,542 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in SentinelOne by 81.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,846,844 shares of the company's stock worth $43,881,000 after buying an additional 831,026 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on S. Rosenblatt Securities increased their target price on SentinelOne from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Sanford C. Bernstein downgraded shares of SentinelOne from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $21.00 to $25.00 in a report on Thursday, September 17th. TD Cowen upped their price target on shares of SentinelOne from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $18.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SentinelOne in a report on Monday, October 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, SentinelOne currently has a consensus rating of "Moderate Buy" and an average target price of $24.61.

SentinelOne Trading Up 1.7%

Shares of SentinelOne stock opened at $21.77 on Friday. The company's 50-day moving average price is $23.08 and its two-hundred day moving average price is $17.83. SentinelOne, Inc. has a 52 week low of $11.81 and a 52 week high of $26.50. The stock has a market cap of $7.58 billion, a PE ratio of -21.56 and a beta of 0.59.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The business had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same period in the prior year, the business earned ($0.22) earnings per share. The business's quarterly revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, equities analysts predict that SentinelOne, Inc. will post -0.47 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 527,368 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $25.26, for a total value of $13,321,315.68. Following the completion of the transaction, the chief executive officer owned 1,717,510 shares in the company, valued at $43,384,302.60. This trade represents a 23.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Robin Tomasello sold 13,311 shares of SentinelOne stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $19.95, for a total value of $265,554.45. Following the completion of the transaction, the chief accounting officer directly owned 405,112 shares in the company, valued at $8,081,984.40. This represents a 3.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 755,582 shares of company stock valued at $18,023,238 over the last ninety days. Company insiders own 4.27% of the company's stock.

SentinelOne Profile

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered security solutions for organizations worldwide. Its platform is designed to prevent, detect, investigate and respond to cyber threats across endpoints, cloud workloads, identities and other enterprise environments.

The company's Singularity Platform provides capabilities including endpoint protection, extended detection and response, cloud security, identity security, vulnerability management, data lake and security information and event management functionality.

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