Alamea Verwaltungs GmbH Makes New $320,000 Investment in SentinelOne, Inc. $S

Key Points

• Alamea Verwaltungs GmbH invested approximately $320,000 in SentinelOne, Inc., acquiring 17,622 shares during the 1st quarter.
• SentinelOne's latest quarterly earnings reported a revenue of $229.03 million, marking a 22.9% year-over-year increase.
• Analysts have given SentinelOne an average rating of "Moderate Buy" with a price target of $24.33.

Alamea Verwaltungs GmbH bought a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,622 shares of the company's stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in SentinelOne by 11,049.7% during the first quarter. GAMMA Investing LLC now owns 35,233 shares of the company's stock valued at $641,000 after purchasing an additional 34,917 shares during the period. M&T Bank Corp lifted its position in SentinelOne by 71.9% during the first quarter. M&T Bank Corp now owns 43,043 shares of the company's stock valued at $782,000 after purchasing an additional 17,998 shares during the period. Vanguard Group Inc. lifted its position in SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock valued at $567,214,000 after purchasing an additional 1,318,533 shares during the period. Merit Financial Group LLC acquired a new position in shares of SentinelOne in the first quarter worth about $250,000. Finally, Oppenheimer & Co. Inc. raised its position in shares of SentinelOne by 54.5% in the first quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock worth $928,000 after acquiring an additional 18,009 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on S shares. Jefferies Financial Group upped their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Wells Fargo & Company upped their price target on shares of SentinelOne from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Morgan Stanley restated a "positive" rating on shares of SentinelOne in a research report on Tuesday. DA Davidson upped their target price on shares of SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Guggenheim reaffirmed a "buy" rating and set a $28.00 target price on shares of SentinelOne in a report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.29.

SentinelOne Stock Performance

NYSE S traded up $0.49 during mid-day trading on Friday, reaching $18.64. 2,855,687 shares of the stock were exchanged, compared to its average volume of 5,931,252. The stock has a market capitalization of $6.20 billion, a PE ratio of -14.09 and a beta of 0.78. The business's fifty day simple moving average is $17.84 and its 200 day simple moving average is $18.50. SentinelOne, Inc. has a 1-year low of $15.36 and a 1-year high of $29.29.

Insider Activity at SentinelOne

In other news, CAO Robin Tomasello sold 2,921 shares of SentinelOne stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $50,562.51. Following the transaction, the chief accounting officer directly owned 306,044 shares of the company's stock, valued at $5,297,621.64. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Keenan Michael Conder sold 5,827 shares of SentinelOne stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $100,865.37. Following the completion of the transaction, the insider directly owned 590,505 shares in the company, valued at $10,221,641.55. This represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,152 shares of company stock worth $1,660,811 in the last 90 days. Company insiders own 4.33% of the company's stock.

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.