Huntington National Bank Acquires 1,765 Shares of SentinelOne, Inc. (NYSE:S)

Huntington National Bank grew its holdings in shares of SentinelOne, Inc. (NYSE:S) by 287.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,378 shares of the company’s stock after acquiring an additional 1,765 shares during the quarter. Huntington National Bank’s holdings in SentinelOne were worth $57,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of S. Allspring Global Investments Holdings LLC grew its position in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of SentinelOne by 1.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after buying an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management lifted its position in SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock worth $453,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on S shares. Sanford C. Bernstein reduced their price target on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. DA Davidson lifted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 price target on shares of SentinelOne in a research note on Friday, October 18th. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research note on Monday, August 26th. Finally, Barclays boosted their target price on SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Trading Up 1.2 %

Shares of SentinelOne stock opened at $26.43 on Tuesday. The business has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $22.60. The firm has a market capitalization of $8.38 billion, a P/E ratio of -28.42 and a beta of 0.65. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Buying and Selling

In related news, insider Ric Smith sold 3,135 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 transaction of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 38,607 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the transaction, the chief executive officer now directly owns 1,060,749 shares in the company, valued at $24,185,077.20. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock worth $10,367,734 in the last 90 days. Insiders own 5.60% of the company’s stock.

SentinelOne 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.