Handelsbanken Fonder AB Invests $308,000 in SentinelOne, Inc. (NYSE:S)

Handelsbanken Fonder AB bought a new stake in SentinelOne, Inc. (NYSE:S – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,100 shares of the company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in S. Vanguard Group Inc. raised its position in SentinelOne by 239.0% in the 1st quarter. Vanguard Group Inc. now owns 11,516,251 shares of the company’s stock valued at $446,140,000 after purchasing an additional 8,119,008 shares during the last quarter. First Trust Advisors LP bought a new position in SentinelOne in the 1st quarter valued at $184,096,000. Capital Research Global Investors raised its position in SentinelOne by 57.6% in the 1st quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock valued at $247,088,000 after purchasing an additional 2,331,873 shares during the last quarter. State Street Corp raised its position in SentinelOne by 271.8% in the 2nd quarter. State Street Corp now owns 2,422,479 shares of the company’s stock valued at $56,516,000 after purchasing an additional 1,770,907 shares during the last quarter. Finally, BlackRock Inc. raised its position in SentinelOne by 164.5% in the 1st quarter. BlackRock Inc. now owns 2,389,395 shares of the company’s stock valued at $92,566,000 after purchasing an additional 1,485,894 shares during the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on S shares. Barclays cut their price objective on SentinelOne from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, March 6th. Bank of America downgraded SentinelOne from a “buy” rating to a “neutral” rating and cut their price objective for the company from $28.00 to $16.00 in a research report on Thursday, January 12th. Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of SentinelOne in a research report on Monday, March 13th. JMP Securities dropped their target price on SentinelOne from $36.00 to $26.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 15th. Finally, Piper Sandler boosted their target price on SentinelOne from $16.00 to $18.00 in a research report on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and an average target price of $20.96.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 190,539 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the transaction, the insider now owns 568,855 shares in the company, valued at $8,731,924.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO David J. Bernhardt sold 1,538 shares of the stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $16.30, for a total transaction of $25,069.40. Following the sale, the chief financial officer now owns 94,876 shares of the company’s stock, valued at $1,546,478.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 190,539 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $15.35, for a total value of $2,924,773.65. Following the sale, the insider now directly owns 568,855 shares in the company, valued at approximately $8,731,924.25. The disclosure for this sale can be found here. Insiders have sold 294,399 shares of company stock worth $4,676,541 over the last 90 days. Company insiders own 7.48% of the company’s stock.

SentinelOne Trading Up 6.6 %

S opened at $16.89 on Monday. SentinelOne, Inc. has a 52-week low of $12.69 and a 52-week high of $30.00. The business’s 50-day simple moving average is $16.03 and its 200 day simple moving average is $16.09.

SentinelOne (NYSE:S – Get Rating) last released its quarterly earnings data on Tuesday, March 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The firm had revenue of $126.10 million for the quarter, compared to analyst estimates of $124.69 million. SentinelOne had a negative return on equity of 21.15% and a negative net margin of 89.70%. The business’s revenue for the quarter was up 92.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) earnings per share. As a group, research analysts predict that SentinelOne, Inc. will post -1.18 earnings per share for the current year.

SentinelOne Profile

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.