Mirae Asset Global Investments Co. Ltd. Has $27.59 Million Stake in SentinelOne, Inc. (NYSE:S)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 15.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,827,002 shares of the company’s stock after acquiring an additional 247,238 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.63% of SentinelOne worth $27,588,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Advisors Asset Management Inc. acquired a new position in shares of SentinelOne in the first quarter valued at approximately $43,000. CWM LLC boosted its stake in SentinelOne by 57.4% in the 2nd quarter. CWM LLC now owns 1,969 shares of the company’s stock valued at $30,000 after purchasing an additional 718 shares during the period. American International Group Inc. acquired a new position in SentinelOne in the 2nd quarter valued at $56,000. PNC Financial Services Group Inc. bought a new position in SentinelOne during the 1st quarter worth $108,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of SentinelOne during the second quarter worth $60,000. 71.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SentinelOne

In related news, CAO Robin Tomasello sold 3,735 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $17.57, for a total transaction of $65,623.95. Following the transaction, the chief accounting officer now directly owns 155,070 shares of the company’s stock, valued at $2,724,579.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 40,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $17.07, for a total value of $682,800.00. Following the completion of the transaction, the chief executive officer now owns 848,969 shares in the company, valued at approximately $14,491,900.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 3,735 shares of SentinelOne stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $17.57, for a total value of $65,623.95. Following the sale, the chief accounting officer now owns 155,070 shares in the company, valued at $2,724,579.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 270,131 shares of company stock worth $4,444,214. Corporate insiders own 5.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on S. DA Davidson increased their target price on shares of SentinelOne from $13.50 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, September 1st. Scotiabank raised their price objective on SentinelOne from $15.00 to $16.50 in a research note on Friday, September 1st. Wedbush reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of SentinelOne in a report on Friday, September 1st. Piper Sandler increased their target price on SentinelOne from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, September 1st. Finally, Citigroup raised their price target on SentinelOne from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne has an average rating of “Hold” and a consensus target price of $20.21.

SentinelOne Trading Up 1.3 %

S opened at $17.41 on Tuesday. The company has a market cap of $5.15 billion, a P/E ratio of -12.80 and a beta of 0.28. The company has a fifty day moving average price of $16.36 and a two-hundred day moving average price of $16.28. SentinelOne, Inc. has a 1-year low of $12.43 and a 1-year high of $21.95.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, August 31st. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. SentinelOne had a negative return on equity of 21.47% and a negative net margin of 74.19%. The business had revenue of $149.42 million during the quarter, compared to analyst estimates of $140.98 million. During the same period in the previous year, the company posted ($0.32) EPS. The firm’s revenue was up 45.8% compared to the same quarter last year. On average, research analysts forecast that SentinelOne, Inc. will post -1.14 EPS for the current fiscal year.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.