17,622 Shares in SentinelOne, Inc. $S Bought by Alamea Verwaltungs GmbH

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

Other hedge funds and other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co acquired a new stake in shares of SentinelOne in the first quarter worth approximately $26,000. Parallel Advisors LLC boosted its position in shares of SentinelOne by 94.0% in the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of SentinelOne by 513.3% in the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,622 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SentinelOne in the fourth quarter worth approximately $38,000. Finally, Versant Capital Management Inc boosted its position in shares of SentinelOne by 510.9% in the first quarter. Versant Capital Management Inc now owns 2,297 shares of the company's stock worth $42,000 after acquiring an additional 1,921 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Stock Down 6.2%

Shares of NYSE S traded down $1.16 during trading on Tuesday, reaching $17.70. 15,726,550 shares of the stock were exchanged, compared to its average volume of 6,714,712. The business's 50-day moving average price is $17.83 and its 200 day moving average price is $18.55. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of -13.41 and a beta of 0.78.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America reissued a "neutral" rating and issued a $21.00 target price on shares of SentinelOne in a research report on Thursday, May 29th. Susquehanna decreased their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating on the stock in a research report on Thursday, May 29th. UBS Group raised their target price on shares of SentinelOne from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday. JMP Securities reissued a "market outperform" rating and issued a $29.00 target price on shares of SentinelOne in a research report on Friday. Finally, DA Davidson raised their target price on shares of SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.33.

Insider Activity

In other news, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $18.28, for a total transaction of $202,853.16. Following the transaction, the insider directly owned 596,332 shares of the company's stock, valued at approximately $10,900,948.96. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 31,916 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $552,465.96. Following the transaction, the chief executive officer directly owned 1,500,460 shares in the company, valued at approximately $25,972,962.60. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is currently owned by company insiders.

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.