Migdal Insurance & Financial Holdings Ltd. Has $13.97 Million Stock Holdings in SentinelOne, Inc. (NYSE:S)

Migdal Insurance & Financial Holdings Ltd. increased its stake in SentinelOne, Inc. (NYSE:S) by 177.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 629,168 shares of the company’s stock after acquiring an additional 402,098 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in SentinelOne were worth $13,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in S. The Manufacturers Life Insurance Company lifted its stake in SentinelOne by 21.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,507 shares of the company’s stock valued at $1,484,000 after buying an additional 12,258 shares during the period. Creative Planning lifted its stake in SentinelOne by 62.8% in the second quarter. Creative Planning now owns 29,758 shares of the company’s stock valued at $626,000 after buying an additional 11,478 shares during the period. Truist Financial Corp lifted its stake in SentinelOne by 17.4% in the second quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock valued at $584,000 after buying an additional 4,110 shares during the period. Sanctuary Advisors LLC acquired a new position in SentinelOne in the second quarter valued at approximately $259,000. Finally, Diversified Trust Co acquired a new position in SentinelOne in the third quarter valued at approximately $809,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Price Performance

Shares of S opened at $23.84 on Friday. The stock’s 50-day simple moving average is $23.49 and its 200 day simple moving average is $24.19. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. Sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on S. Sanford C. Bernstein decreased their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Scotiabank boosted their price objective on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Westpark Capital restated a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a report on Tuesday, December 3rd. Citigroup decreased their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Finally, Guggenheim restated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.56.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the transaction, the insider now owns 531,459 shares in the company, valued at $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 344,835 shares of company stock valued at $8,365,183. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Company Profile

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.