SentinelOne, Inc. $S Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management decreased their holdings in SentinelOne, Inc. by 2.3% in Q1, selling 23,195 shares and owning 966,805 shares valued at $17,577,000.
• Wall Street analysts have mixed opinions on the stock, with target prices ranging from $17 to $28, while the company currently has a consensus rating of "Moderate Buy."
• Insider trading activity includes notable sales by CAO Robin Tomasello and CEO Tomer Weingarten, collectively selling over 34,000 shares, indicating insider selling trends.

Thematics Asset Management reduced its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 966,805 shares of the company's stock after selling 23,195 shares during the period. Thematics Asset Management owned 0.29% of SentinelOne worth $17,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Comerica Bank boosted its stake in SentinelOne by 0.7% during the first quarter. Comerica Bank now owns 908,604 shares of the company's stock worth $16,518,000 after buying an additional 6,159 shares during the last quarter. Penn Capital Management Company LLC boosted its position in shares of SentinelOne by 100.0% during the 1st quarter. Penn Capital Management Company LLC now owns 67,967 shares of the company's stock valued at $1,257,000 after acquiring an additional 33,989 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of SentinelOne in the first quarter valued at about $116,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SentinelOne by 1,452.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 518,677 shares of the company's stock valued at $9,430,000 after purchasing an additional 485,268 shares during the period. Finally, Groupe la Francaise increased its position in SentinelOne by 8.4% during the first quarter. Groupe la Francaise now owns 145,870 shares of the company's stock worth $2,936,000 after purchasing an additional 11,250 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays decreased their target price on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. DA Davidson dropped their price objective on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. BTIG Research reaffirmed a "neutral" rating on shares of SentinelOne in a research note on Monday. Bank of America reiterated a "neutral" rating and set a $21.00 target price on shares of SentinelOne in a report on Thursday, May 29th. Finally, Stephens restated an "overweight" rating and issued a $25.00 price target on shares of SentinelOne in a research note on Tuesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.88.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 31,916 shares of SentinelOne stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $552,465.96. Following the sale, the chief executive officer owned 1,500,460 shares in the company, valued at approximately $25,972,962.60. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robin Tomasello sold 2,921 shares of the company'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 $50,562.51. Following the completion of the sale, the chief accounting officer directly owned 306,044 shares of the company's stock, valued at approximately $5,297,621.64. This trade represents a 0.95% decrease in their ownership of the stock. 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 over the last three months. 4.33% of the stock is currently owned by company insiders.

SentinelOne Price Performance

Shares of SentinelOne stock traded up $0.48 during trading hours on Thursday, hitting $17.63. The company had a trading volume of 11,273,192 shares, compared to its average volume of 5,775,779. The company's 50-day moving average is $17.77 and its two-hundred day moving average is $18.76. The company has a market cap of $5.86 billion, a P/E ratio of -13.35 and a beta of 0.77. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The firm's revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current year.

About SentinelOne

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.