iA Global Asset Management Inc. Makes New $5.33 Million Investment in SentinelOne, Inc. (NYSE:S)

iA Global Asset Management Inc. acquired a new position in shares of SentinelOne, Inc. (NYSE:S) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 228,550 shares of the company’s stock, valued at approximately $5,328,000. iA Global Asset Management Inc. owned about 0.07% of SentinelOne as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in S. Dimensional Fund Advisors LP boosted its stake in shares of SentinelOne by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock valued at $78,931,000 after purchasing an additional 409,454 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SentinelOne by 13.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,748,345 shares of the company’s stock valued at $47,975,000 after purchasing an additional 204,913 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of SentinelOne by 25.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock valued at $43,006,000 after purchasing an additional 375,275 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of SentinelOne by 185.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 162,807 shares of the company’s stock valued at $4,467,000 after purchasing an additional 105,715 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of SentinelOne by 210.6% in the 4th quarter. Raymond James & Associates now owns 141,428 shares of the company’s stock valued at $3,881,000 after purchasing an additional 95,893 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

S has been the topic of several recent analyst reports. BTIG Research reduced their price objective on shares of SentinelOne from $30.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. JMP Securities reissued a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a research note on Friday, May 31st. Westpark Capital reduced their price objective on shares of SentinelOne from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Scotiabank reduced their price objective on shares of SentinelOne from $25.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Monday, June 3rd. Finally, Citigroup reduced their price objective on shares of SentinelOne from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.87.

Insiders Place Their Bets

In other news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the transaction, the chief financial officer now owns 517,298 shares of the company’s stock, valued at $8,949,255.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ric Smith sold 24,467 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the sale, the insider now directly owns 666,419 shares in the company, valued at $11,529,048.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the sale, the chief financial officer now owns 517,298 shares in the company, valued at $8,949,255.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 639,582 shares of company stock valued at $12,655,659. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Price Performance

S stock traded down $1.27 during midday trading on Thursday, reaching $21.63. The company had a trading volume of 5,012,656 shares, compared to its average volume of 5,680,250. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of -21.40 and a beta of 0.66. The stock has a 50 day moving average price of $20.05 and a 200-day moving average price of $22.93. SentinelOne, Inc. has a 1-year low of $13.87 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The business had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) EPS. As a group, research analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share 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.