Skandinaviska Enskilda Banken AB publ Raises Position in SentinelOne, Inc. (NYSE:S)

Skandinaviska Enskilda Banken AB publ increased its holdings in SentinelOne, Inc. (NYSE:S) by 68.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,748 shares of the company’s stock after acquiring an additional 4,363 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in SentinelOne were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares during the period. Avior Wealth Management LLC increased its position in shares of SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after acquiring an additional 898 shares during the period. Bullseye Asset Management LLC increased its position in shares of SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after acquiring an additional 1,000 shares during the period. MetLife Investment Management LLC increased its position in shares of SentinelOne by 17.4% in the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after acquiring an additional 1,012 shares during the period. Finally, Legato Capital Management LLC increased its position in shares of SentinelOne by 8.1% in the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock valued at $304,000 after acquiring an additional 1,022 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on S. Bank of America cut their target price on shares of SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Susquehanna cut their target price on shares of SentinelOne from $30.00 to $25.00 and set a “positive” rating on the stock in a research note on Thursday, March 13th. Sanford C. Bernstein cut their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Piper Sandler cut their target price on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Cantor Fitzgerald cut their target price on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.33.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,090,692.25. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the sale, the chief executive officer now directly owns 939,726 shares of the company’s stock, valued at approximately $22,760,163.72. This represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,818 shares of company stock valued at $5,649,659. Insiders own 5.60% of the company’s stock.

SentinelOne Stock Up 2.3 %

S opened at $19.35 on Wednesday. The firm has a 50 day moving average price of $22.13 and a 200-day moving average price of $23.90. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of -20.58 and a beta of 0.78.

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.