Meitav Investment House Ltd. Acquires 51,420 Shares of SentinelOne, Inc. $S

Meitav Investment House Ltd. increased its stake in SentinelOne, Inc. (NYSE:S) by 70.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 124,275 shares of the company’s stock after purchasing an additional 51,420 shares during the quarter. Meitav Investment House Ltd.’s holdings in SentinelOne were worth $2,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new stake in SentinelOne in the second quarter valued at $29,000. First Horizon Advisors Inc. grew its stake in shares of SentinelOne by 287.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company’s stock valued at $45,000 after buying an additional 1,810 shares during the period. Foster Dykema Cabot & Partners LLC increased its position in SentinelOne by 66.7% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company’s stock valued at $55,000 after buying an additional 1,203 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after buying an additional 692 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in SentinelOne by 15,900.0% in the third quarter. Global Retirement Partners LLC now owns 3,680 shares of the company’s stock worth $65,000 after acquiring an additional 3,657 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

SentinelOne Price Performance

NYSE S opened at $13.88 on Friday. The company has a fifty day moving average price of $15.43 and a 200-day moving average price of $16.95. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of -11.10 and a beta of 0.77. SentinelOne, Inc. has a 1 year low of $13.84 and a 1 year high of $25.24.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period last year, the firm earned ($0.25) earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis. On average, research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Berenberg Bank started coverage on SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective for the company. JMP Securities set a $23.00 price target on shares of SentinelOne in a research note on Friday, December 5th. Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. TD Cowen reduced their price objective on shares of SentinelOne from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.03.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ana G. Pinczuk sold 11,900 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $176,358.00. Following the completion of the transaction, the insider owned 560,589 shares in the company, valued at $8,307,928.98. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 125,429 shares of SentinelOne stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the sale, the chief executive officer owned 1,093,108 shares in the company, valued at $16,494,999.72. The trade was a 10.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 361,394 shares of company stock worth $5,558,207. 4.33% of the stock is owned by insiders.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.