Rakuten Securities Inc. Has $848,000 Stock Position in SentinelOne, Inc. (NYSE:S)

Rakuten Securities Inc. lifted its position in shares of SentinelOne, Inc. (NYSE:S) by 93.0% in the third quarter, Holdings Channel reports. The institutional investor owned 35,462 shares of the company’s stock after acquiring an additional 17,092 shares during the period. Rakuten Securities Inc.’s holdings in SentinelOne were worth $848,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Waldron Private Wealth LLC bought a new position in SentinelOne in the third quarter valued at about $26,000. Blue Trust Inc. bought a new stake in shares of SentinelOne during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in shares of SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of SentinelOne in the second quarter worth approximately $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of S stock opened at $27.18 on Tuesday. The firm has a market cap of $8.62 billion, a P/E ratio of -29.23 and a beta of 0.65. The business’s 50 day moving average price is $24.76 and its 200-day moving average price is $22.40. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.26) earnings per share. As a group, equities analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 3,135 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares in the company, valued at approximately $15,290,940. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Ric Smith sold 3,135 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,165 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $266,831.25. Following the completion of the sale, the chief executive officer now directly owns 1,029,332 shares of the company’s stock, valued at $27,019,965. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 361,470 shares of company stock valued at $8,415,537. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna lifted their price objective on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. Robert W. Baird upped their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Citigroup upped their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Finally, Scotiabank upped their target price on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.73.

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.