BNP Paribas Acquires 58,679 Shares of SentinelOne, Inc. (NYSE:S)

BNP Paribas grew its holdings in SentinelOne, Inc. (NYSE:S) by 244.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,684 shares of the company’s stock after purchasing an additional 58,679 shares during the period. BNP Paribas’ holdings in SentinelOne were worth $1,978,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Waldron Private Wealth LLC acquired a new stake in SentinelOne in the third quarter valued at about $26,000. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in SentinelOne by 56.0% during 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. Finally, Unique Wealth Strategies LLC bought a new position in SentinelOne in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on S. Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 target price on shares of SentinelOne in a research note on Friday, October 18th. BTIG Research boosted their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a report on Monday, August 26th. Morgan Stanley lifted their price target on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.73.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the transaction, the insider now directly owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This trade represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David J. Bernhardt sold 11,061 shares of SentinelOne stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $252,190.80. Following the transaction, the chief financial officer now owns 489,003 shares of the company’s stock, valued at $11,149,268.40. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock worth $10,367,734 in the last three months. Company insiders own 5.60% of the company’s stock.

SentinelOne Stock Performance

SentinelOne stock opened at $27.93 on Wednesday. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The stock’s 50 day moving average price is $25.77 and its two-hundred day moving average price is $22.82.

SentinelOne (NYSE:S) last issued its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (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 period in the prior year, the firm earned ($0.26) earnings per share. SentinelOne’s revenue was up 33.1% on a year-over-year basis. Analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal 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.