Wellington Management Group LLP Makes New $27 Million Investment in SentinelOne, Inc. (NYSE:S)

Wellington Management Group LLP bought a new stake in SentinelOne, Inc. (NYSE:S - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,128,780 shares of the company's stock, valued at approximately $27,000,000. Wellington Management Group LLP owned about 0.36% of SentinelOne at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Waldron Private Wealth LLC acquired a new position in shares of SentinelOne in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. bought a new position in shares of SentinelOne in the second quarter worth $27,000. Allspring Global Investments Holdings LLC grew its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock worth $28,000 after purchasing an additional 434 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in shares of SentinelOne in the second quarter worth $49,000. Finally, Capital Performance Advisors LLP bought a new position in shares of SentinelOne in the third quarter worth $55,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. Guggenheim reaffirmed a "buy" rating and set a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. DA Davidson lifted their price target on SentinelOne from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Citigroup lifted their price target on SentinelOne from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued 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 target price of $29.42.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the sale, the insider now owns 585,647 shares of the company's stock, valued at $14,172,657.40. This trade represents a 2.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $23.42, for a total value of $1,425,434.88. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $24,345,019.74. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 276,019 shares of company stock valued at $6,990,023. Insiders own 5.60% of the company's stock.

SentinelOne Stock Down 1.5 %

Shares of NYSE:S traded down $0.35 during mid-day trading on Friday, reaching $23.67. 2,894,916 shares of the stock were exchanged, compared to its average volume of 5,258,258. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76. The stock's 50 day simple moving average is $26.36 and its 200-day simple moving average is $23.21.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm 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 posted ($0.21) earnings per share. The firm's quarterly revenue was up 28.3% compared to the same quarter last year. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.75 EPS for the current fiscal year.

SentinelOne 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.