Swedbank AB Buys 500,000 Shares of SentinelOne, Inc. (NYSE:S)

Swedbank AB increased its stake in SentinelOne, Inc. (NYSE:S) by 25.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,500,000 shares of the company’s stock after acquiring an additional 500,000 shares during the period. Swedbank AB owned about 0.79% of SentinelOne worth $59,800,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of S. Advisors Asset Management Inc. raised its holdings in SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after buying an additional 743 shares during the last quarter. Caxton Associates LP purchased a new stake in shares of SentinelOne during the first quarter worth about $2,040,000. Waverly Advisors LLC bought a new stake in shares of SentinelOne in the first quarter worth about $1,216,000. Kennedy Capital Management LLC increased its holdings in SentinelOne by 43.0% during the 1st quarter. Kennedy Capital Management LLC now owns 587,385 shares of the company’s stock valued at $13,692,000 after purchasing an additional 176,653 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in SentinelOne by 17.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,174,079 shares of the company’s stock valued at $27,368,000 after purchasing an additional 172,753 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Trading Up 1.5 %

NYSE:S opened at $28.54 on Monday. The company’s 50 day moving average price is $25.67 and its 200-day moving average price is $22.78. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last posted its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) EPS. Sell-side analysts expect that SentinelOne, Inc. will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Westpark Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Monday, August 26th. Needham & Company LLC began coverage on shares of SentinelOne in a report on Thursday, October 17th. They issued a “buy” rating and a $32.00 price target on the stock. Barclays upped their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Robert W. Baird boosted their price target on shares of SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.73.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the sale, the insider now owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,125 shares of company stock worth $10,367,734. Company insiders own 5.60% of the company’s stock.

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.