Erste Asset Management GmbH Makes New $4.82 Million Investment in SentinelOne, Inc. (NYSE:S)

Erste Asset Management GmbH acquired a new position in SentinelOne, Inc. (NYSE:S - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the company's stock, valued at approximately $4,816,000. Erste Asset Management GmbH owned 0.06% of SentinelOne as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in S. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne in the third quarter worth approximately $26,000. Blue Trust Inc. purchased a new position in shares of SentinelOne in the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC lifted its holdings in SentinelOne by 49.1% during the second 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 in the last quarter. Unique Wealth Strategies LLC purchased a new position in SentinelOne during the second quarter valued at approximately $49,000. Finally, Capital Performance Advisors LLP purchased a new position in SentinelOne during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 70,655 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 11,222 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total transaction of $240,150.80. Following the transaction, the chief financial officer now owns 477,781 shares in the company, valued at approximately $10,224,513.40. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 417,541 shares of company stock worth $10,032,448. 5.60% of the stock is owned by corporate insiders.

SentinelOne Stock Up 0.4 %

NYSE:S traded up $0.12 during mid-day trading on Tuesday, reaching $27.55. The company's stock had a trading volume of 4,056,143 shares, compared to its average volume of 5,117,035. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76. The stock has a fifty day moving average of $26.10 and a 200-day moving average of $23.04.

Analysts Set New Price Targets

Several brokerages have weighed in on S. BTIG Research lifted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a "hold" rating to a "buy" rating and lifted their price target for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. JMP Securities reiterated a "market outperform" rating and set a $33.00 price objective on shares of SentinelOne in a research report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Piper Sandler upgraded shares of SentinelOne from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $25.00 to $32.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, SentinelOne presently has an average rating of "Moderate Buy" and an average price target of $29.04.

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.