Handelsbanken Fonder AB Acquires 17,500 Shares of SentinelOne, Inc. (NYSE:S)

Handelsbanken Fonder AB raised its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,163 shares of the company's stock after acquiring an additional 17,500 shares during the period. Handelsbanken Fonder AB's holdings in SentinelOne were worth $1,535,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in S. Ieq Capital LLC raised its position in SentinelOne by 20.0% during the fourth quarter. Ieq Capital LLC now owns 1,501,058 shares of the company's stock worth $33,323,000 after acquiring an additional 250,624 shares during the last quarter. New York State Common Retirement Fund raised its position in SentinelOne by 288.6% in the fourth quarter. New York State Common Retirement Fund now owns 527,060 shares of the company's stock valued at $11,701,000 after purchasing an additional 391,432 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of SentinelOne by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 394,309 shares of the company's stock valued at $8,754,000 after purchasing an additional 41,961 shares during the period. Venturi Wealth Management LLC acquired a new stake in SentinelOne during the 4th quarter valued at approximately $93,000. Finally, Truist Financial Corp increased its position in shares of SentinelOne by 10.2% in the 4th quarter. Truist Financial Corp now owns 28,968 shares of the company's stock worth $643,000 after purchasing an additional 2,690 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 41,170 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at approximately $12,744,386.82. This represents a 7.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the completion of the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 371,925 shares of company stock valued at $8,729,445 over the last quarter. Corporate insiders own 5.60% of the company's stock.

SentinelOne Price Performance

Shares of S traded up $0.30 on Friday, hitting $20.63. The company's stock had a trading volume of 4,163,349 shares, compared to its average volume of 3,950,920. The company has a 50 day moving average price of $22.92 and a 200 day moving average price of $24.31. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29. The company has a market capitalization of $6.63 billion, a PE ratio of -21.94 and a beta of 0.75.

SentinelOne (NYSE:S - Get Free Report) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the previous year, the company posted ($0.21) EPS. SentinelOne's revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on S shares. UBS Group cut shares of SentinelOne from a "buy" rating to a "neutral" rating and cut their target price for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Barclays decreased their price target on shares of SentinelOne from $30.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Oppenheimer initiated coverage on SentinelOne in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price target for the company. Finally, Robert W. Baird upped their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.48.

SentinelOne Company 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.