The Vanguard Group, Inc. recently announced the acquisition of new stake in SentinelOne Inc (NYSE:S). The institutional investor has increased its shareholding in the Technology company by 1.94% to 22.65 million shares with purchase of 0.43 million shares. This fresh investment now brings its stake to 9.35% valued currently at $432.47 million. In addition, BlackRock Fund Advisors raised its holdings by 0.9 million to 10.94 million shares. And First Trust Advisors LP has lifted its position by 35.15% or 2.66 million shares – to 10.21 million shares.
With over 7.04 million SentinelOne Inc (S) shares trading Tuesday and a closing price of $25.87 on the day, the dollar volume was approximately $182.06 million. The shares have shown a positive half year performance of 70.98% and its price on 01/02/24 lost nearly -5.72%. Currently, there are 298.68M common shares owned by the public and among those 233.44M shares have been available to trade.
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Insiders at the company have transacted a total of 138 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 56 of these insider trades were purchases, accounting for 3,447,462 shares. Insider sales of the common stock occurred on 82 occasions, with total insider shares sold totaling 1,623,616 shares.
The top 3 mutual fund holders in SentinelOne Inc are First Trust NASDAQ Cybersecurity, Vanguard Total Stock Market ETF, and Legal & General UCITS ETF PLC – C. First Trust NASDAQ Cybersecurity owns 9.19 million shares of the company’s stock, all valued at over $175.38 million. Vanguard Total Stock Market ETF bought 9814.0 shares to see its total holdings expand to 7.12 million shares valued at over $135.88 million and representing 2.94% of the shares outstanding. Legal & General UCITS ETF PLC – C now owns shares totaling to 2.66% of the shares outstanding.
Shares of SentinelOne Inc (NYSE: S) opened at $26.51, down -$0.93 from a prior closing price of $27.44. However, the script later moved the day high at 26.55, down -5.72%. The company’s stock has a 5-day price change of -6.40% and 53.35% over the past three months. S shares are trading -5.72% year to date (YTD), with the 12-month market performance up to 80.15% higher. It has a 12-month low price of $12.43 and touched a high of $27.97 over the same period. S has an average intraday trading volume of 5.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.33%, 29.24%, and 50.22% respectively.
Institutional ownership of SentinelOne Inc (NYSE: S) shares accounts for 56.37% of the company’s 298.68M shares outstanding. Mutual fund holders own 34.10%, while other institutional holders and individual stakeholders account for 36.46% and 3.17% respectively.
It has a market capitalization of $7.73B and a beta (3y monthly) value of 0.71. The earnings-per-share (ttm) stands at -$1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 4.84% over the month.
Analysts forecast that SentinelOne Inc (S) will achieve an EPS of -$0.04 for the current quarter, -$0.03 for the next quarter and $0.06 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 58.32%, and 122.16% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate SentinelOne Inc (S) as a “Moderate Buy” at a consensus score of 2.09. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 17 of the 32 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the S, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on December 15, 2023, with the firm’s price target at $35.
