Principal Financial Group Inc. Purchases 4,138 Shares of SentinelOne, Inc. (NYSE:S)

Principal Financial Group Inc. grew its position in SentinelOne, Inc. (NYSE:SFree Report) by 27.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,298 shares of the company’s stock after purchasing an additional 4,138 shares during the period. Principal Financial Group Inc.’s holdings in SentinelOne were worth $325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of S. Price T Rowe Associates Inc. MD grew its holdings in shares of SentinelOne by 72.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,317,055 shares of the company’s stock valued at $369,376,000 after acquiring an additional 10,656,778 shares in the last quarter. Vanguard Group Inc. grew its stake in SentinelOne by 4.7% in the third quarter. Vanguard Group Inc. now owns 17,585,277 shares of the company’s stock valued at $449,480,000 after purchasing an additional 794,439 shares in the last quarter. BlackRock Inc. increased its position in shares of SentinelOne by 17.4% during the 2nd quarter. BlackRock Inc. now owns 12,658,818 shares of the company’s stock worth $191,148,000 after purchasing an additional 1,875,084 shares during the last quarter. Sylebra Capital Ltd bought a new stake in shares of SentinelOne during the 1st quarter worth approximately $171,765,000. Finally, Capital Research Global Investors boosted its holdings in shares of SentinelOne by 57.6% in the 1st quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock valued at $247,088,000 after buying an additional 2,331,873 shares during the last quarter. 71.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 10,167 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $17.76, for a total transaction of $180,565.92. Following the completion of the transaction, the insider now owns 491,606 shares in the company, valued at $8,730,922.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ric Smith sold 10,167 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $17.76, for a total transaction of $180,565.92. Following the sale, the insider now owns 491,606 shares of the company’s stock, valued at approximately $8,730,922.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David J. Bernhardt sold 7,342 shares of SentinelOne stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $22.80, for a total value of $167,397.60. Following the transaction, the chief financial officer now directly owns 405,072 shares of the company’s stock, valued at approximately $9,235,641.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,181,878 shares of company stock worth $27,988,063 over the last ninety days. 5.93% of the stock is currently owned by company insiders.

SentinelOne Stock Performance

SentinelOne stock opened at $29.71 on Tuesday. SentinelOne, Inc. has a fifty-two week low of $12.43 and a fifty-two week high of $30.32. The firm’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $19.87. The stock has a market cap of $8.87 billion, a PE ratio of -23.77 and a beta of 0.70.

SentinelOne (NYSE:SGet Free Report) last released its earnings results on Tuesday, December 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. SentinelOne had a negative return on equity of 20.10% and a negative net margin of 62.89%. The company had revenue of $164.20 million for the quarter, compared to analysts’ expectations of $156.09 million. During the same period in the previous year, the business posted ($0.32) EPS. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, analysts predict that SentinelOne, Inc. will post -1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on S shares. Susquehanna started coverage on shares of SentinelOne in a report on Friday, December 15th. They set a “positive” rating and a $35.00 target price on the stock. Sanford C. Bernstein began coverage on shares of SentinelOne in a report on Thursday, January 18th. They issued an “outperform” rating and a $34.00 target price on the stock. TD Cowen lifted their price target on SentinelOne from $20.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Raymond James boosted their price target on SentinelOne from $22.00 to $26.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price objective (up from $23.00) on shares of SentinelOne in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.40.

Get Our Latest Research Report on SentinelOne

About SentinelOne

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding S? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SentinelOne, Inc. (NYSE:SFree Report).

Institutional Ownership by Quarter for SentinelOne (NYSE:S)

Receive News & Ratings for SentinelOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SentinelOne and related companies with MarketBeat.com's FREE daily email newsletter.