Swedbank AB Buys 200,000 Shares of SentinelOne, Inc. (NYSE:S)

Swedbank AB grew its stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,700,000 shares of the company's stock after purchasing an additional 200,000 shares during the period. Swedbank AB owned about 0.84% of SentinelOne worth $59,940,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of SentinelOne by 31.3% during the fourth quarter. Pacer Advisors Inc. now owns 6,842 shares of the company's stock valued at $152,000 after purchasing an additional 1,630 shares in the last quarter. KBC Group NV boosted its stake in shares of SentinelOne by 5.5% in the 4th quarter. KBC Group NV now owns 69,023 shares of the company's stock worth $1,532,000 after buying an additional 3,568 shares during the last quarter. Affinity Wealth Management LLC purchased a new stake in shares of SentinelOne during the fourth quarter valued at approximately $1,686,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in SentinelOne by 130.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 230,000 shares of the company's stock worth $5,106,000 after acquiring an additional 130,000 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in SentinelOne by 74.8% during the fourth quarter. SG Americas Securities LLC now owns 57,142 shares of the company's stock worth $1,269,000 after acquiring an additional 24,453 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 70,655 shares of the business'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. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares of the company's stock, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,135 shares of company stock worth $8,714,308. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on S shares. Oppenheimer initiated coverage on SentinelOne in a research report on Wednesday, January 15th. They set an "outperform" rating and a $32.00 target price for the company. UBS Group cut shares of SentinelOne from a "buy" rating to a "neutral" rating and dropped their target price for the company from $30.00 to $25.00 in a research note on Wednesday, January 15th. Susquehanna increased their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a "positive" rating in a research report on Thursday, December 5th. Sanford C. Bernstein lowered their price target on shares of SentinelOne from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Finally, Robert W. Baird increased their price objective on SentinelOne from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and a consensus price target of $29.56.

SentinelOne Stock Up 1.8 %

NYSE:S traded up $0.42 during midday trading on Thursday, hitting $24.09. The company had a trading volume of 1,313,051 shares, compared to its average volume of 3,856,441. The stock's fifty day moving average price is $23.99 and its 200-day moving average price is $24.11. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $30.76. The company has a market capitalization of $7.74 billion, a PE ratio of -25.63 and a beta of 0.74.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (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 company 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 business earned ($0.21) earnings per share. SentinelOne's revenue was up 28.3% compared to the same quarter last year. As a group, research analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current 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.