Van ECK Associates Corp Takes Position in SentinelOne, Inc. (NYSE:S)

Van ECK Associates Corp acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 66,729 shares of the company's stock, valued at approximately $1,831,000.

A number of other hedge funds also recently made changes to their positions in S. Prime Capital Investment Advisors LLC increased its holdings in SentinelOne by 5.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,446 shares of the company's stock valued at $260,000 after buying an additional 836 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of SentinelOne by 16.4% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,382 shares of the company's stock valued at $108,000 after purchasing an additional 900 shares in the last quarter. Montag A & Associates Inc. increased its stake in shares of SentinelOne by 143.0% in the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company's stock valued at $34,000 after purchasing an additional 1,200 shares during the last quarter. Triumph Capital Management raised its holdings in shares of SentinelOne by 8.7% during the 3rd quarter. Triumph Capital Management now owns 18,210 shares of the company's stock worth $307,000 after buying an additional 1,465 shares in the last quarter. Finally, PFG Investments LLC lifted its position in shares of SentinelOne by 9.1% during the 4th quarter. PFG Investments LLC now owns 23,457 shares of the company's stock worth $644,000 after buying an additional 1,963 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.10, for a total value of $197,874.60. Following the transaction, the insider now directly owns 5,025 shares of the company's stock, valued at approximately $116,077.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the sale, the insider now owns 5,025 shares of the company's stock, valued at $116,077.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David J. Bernhardt sold 34,021 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $30.03, for a total transaction of $1,021,650.63. Following the sale, the chief financial officer now owns 403,132 shares in the company, valued at approximately $12,106,053.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 248,077 shares of company stock worth $6,219,029. 5.93% of the stock is owned by company insiders.

SentinelOne Stock Up 1.2 %

S stock traded up $0.25 during mid-day trading on Thursday, hitting $21.21. 2,818,060 shares of the company were exchanged, compared to its average volume of 5,493,664. The business has a fifty day simple moving average of $23.04 and a 200-day simple moving average of $23.19. The firm has a market capitalization of $6.58 billion, a P/E ratio of -18.06 and a beta of 0.69. SentinelOne, Inc. has a 12-month low of $12.43 and a 12-month high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $174.18 million for the quarter, compared to analyst estimates of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. SentinelOne's revenue was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS. Research analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America raised shares of SentinelOne from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.50 to $35.00 in a research note on Wednesday, February 14th. Citigroup raised their price objective on shares of SentinelOne from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, January 10th. Sanford C. Bernstein boosted their price target on shares of SentinelOne from $34.00 to $37.00 and gave the stock an "outperform" rating in a report on Thursday, March 14th. DA Davidson lifted their target price on shares of SentinelOne from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. Finally, The Goldman Sachs Group lifted their price target on shares of SentinelOne from $19.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $26.08.

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.