SentinelOne, Inc. $S Stake Raised by Swedbank AB

Key Points

• Swedbank AB increased its stake in SentinelOne, Inc. by 17.2%, now owning 3,165,200 shares worth approximately $57.5 million.
• Other institutional investors also raised their holdings in SentinelOne, with notable increases of 11,049.7% by GAMMA Investing and 71.9% by M&T Bank Corp.
• Analysts have been optimistic, with target prices for SentinelOne raised by several firms, now averaging $24.26 and a consensus rating of "Moderate Buy."

Swedbank AB grew its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 17.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,165,200 shares of the company's stock after buying an additional 465,200 shares during the period. Swedbank AB owned 0.95% of SentinelOne worth $57,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 34,917 shares during the last quarter. M&T Bank Corp raised its holdings in shares of 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 buying an additional 17,998 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 1,318,533 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of SentinelOne during the first quarter valued at approximately $250,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of SentinelOne by 54.5% during the first quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock valued at $928,000 after buying an additional 18,009 shares during the last quarter. Institutional investors own 90.87% of the company's stock.

SentinelOne Stock Performance

SentinelOne stock opened at $18.29 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of -13.85 and a beta of 0.78. SentinelOne, Inc. has a 1 year low of $15.36 and a 1 year high of $29.29. The firm's 50 day moving average price is $17.84 and its two-hundred day moving average price is $18.32.

Wall Street Analysts Forecast Growth

S has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Needham & Company LLC boosted their target price on SentinelOne from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Sanford C. Bernstein boosted their target price on SentinelOne from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Barclays boosted their target price on SentinelOne from $19.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Finally, DA Davidson boosted their target price on SentinelOne from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.26.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,508 shares of SentinelOne stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $159,014.52. Following the transaction, the chief accounting officer owned 297,536 shares in the company, valued at approximately $5,560,947.84. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 24,515 shares of SentinelOne stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $458,185.35. Following the completion of the transaction, the insider owned 951,541 shares in the company, valued at approximately $17,784,301.29. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,753 shares of company stock worth $6,195,217. 4.33% of the stock is owned by corporate insiders.

About SentinelOne

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.

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