Vanguard Reduces Stake in SentinelOne by 7.2% Amid Market Moves

Vanguard Personalized Indexing Management LLC has decreased its investment in **SentinelOne, Inc.** by **7.2%** during the second quarter of 2023. According to data from Holdings Channel, Vanguard sold **1,995 shares**, bringing its total ownership to **25,562 shares** valued at approximately **$467,000** based on its latest filing with the Securities and Exchange Commission (SEC).

This strategic adjustment comes as several other institutional investors have also been active in buying and selling shares of SentinelOne. **GAMMA Investing LLC** significantly increased its holdings by **513.3%** in the first quarter, now owning **1,938 shares** valued at **$35,000** following a purchase of **1,622 shares**. Similarly, **Wealth Enhancement Advisory Services LLC** raised its position by **51.5%**, owning **23,617 shares** worth **$429,000** after acquiring an additional **8,025 shares**.

In addition, **Oppenheimer Asset Management Inc.** and **Oppenheimer & Co. Inc.** have also increased their stakes by **9.6%** and **54.5%** respectively, contributing to a growing interest in the cybersecurity firm’s stock. Currently, institutional investors control approximately **90.87%** of SentinelOne’s shares.

Recent Insider Transactions

In related developments, insider trading activity has also been notable. On **October 6, 2023**, CFO **Barbara A. Larson** sold **54,583 shares** for an average price of **$18.13**, totaling approximately **$989,590**. This transaction reduced her holdings to **549,498 shares**, valued at around **$9.96 million**. Similarly, insider **Ric Smith** sold **24,515 shares** on **September 8, 2023**, at an average price of **$18.69**, amounting to **$458,185**. Following this sale, Smith holds **951,541 shares**, worth approximately **$17.78 million**.

Over the past **90 days**, insiders have sold a total of **453,277 shares**, valued at about **$8.23 million**, while company insiders own **4.33%** of the stock.

Financial Performance and Analyst Outlook

SentinelOne recently reported its quarterly earnings on **August 28, 2023**, revealing an earnings per share (EPS) loss of **$0.22**, which fell short of the consensus estimate of **$0.03** by **$0.25**. The company’s revenue for the quarter reached **$242.18 million**, slightly above analyst forecasts. Despite a **21.8%** year-over-year increase, the firm recorded a negative return on equity of **16.24%** and a net margin of **47.32%**.

Looking ahead, analysts predict that **SentinelOne, Inc.** will report an EPS of **-0.76** for the current fiscal year. Several brokerage firms have updated their price targets for the stock, with **New Street Research** setting a target of **$23.00**. **Scotiabank** raised its target from **$18.00** to **$21.00**, while **Needham & Company LLC** also increased its target from **$22.00** to **$23.00**. According to **MarketBeat**, the average price target is now **$24.26**, reflecting a consensus rating of “Moderate Buy.”

As a leading cybersecurity provider, SentinelOne operates globally, delivering an artificial intelligence-powered platform designed to prevent, detect, and respond to a range of cyber threats. With ongoing interest from institutional investors and a focus on growth, the company’s future performance will be closely watched in an ever-evolving market landscape.