SentinelOne, Inc. $S Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in SentinelOne, Inc. by 14.7%, now owning 2.7 million shares valued at approximately $49.36 million.
• SentinelOne's stock is currently priced at $18.74, with a 12-month range between $15.36 and $29.29 and a market capitalization of $6.25 billion.
• Insider transactions show CEO Tomer Weingarten sold approximately 162,794 shares and reduced his holdings by 11.14% to retain just under 1.3 million shares.

Swedbank AB lessened its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 14.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,700,000 shares of the company's stock after selling 465,200 shares during the period. Swedbank AB owned 0.81% of SentinelOne worth $49,356,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CENTRAL TRUST Co purchased a new position in SentinelOne in the first quarter valued at about $26,000. Parallel Advisors LLC grew its stake 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 period. GAMMA Investing LLC lifted its holdings in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,622 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 buying an additional 1,921 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in SentinelOne during the first quarter valued at $73,000. 90.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on S shares. Citigroup reiterated a "neutral" rating on shares of SentinelOne in a research note on Tuesday, September 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Wells Fargo & Company raised their price target on SentinelOne from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Scotiabank lifted their price objective on SentinelOne from $18.00 to $21.00 and gave the stock a "sector perform" rating in a report on Friday, August 29th. Finally, Westpark Capital reiterated a "buy" rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Three 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. Based on data from MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and an average target price of $24.26.

SentinelOne Stock Performance

NYSE S traded up $0.37 during trading hours on Friday, hitting $19.09. 10,831,732 shares of the company traded hands, compared to its average volume of 7,456,472. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of -14.46 and a beta of 0.78. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The business's 50-day moving average is $17.88 and its 200-day moving average is $18.24.

Insider Buying and Selling

In related news, insider Ric Smith sold 24,515 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $458,185.35. Following the completion of the sale, the insider owned 951,541 shares of the company's stock, valued at $17,784,301.29. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 162,794 shares of SentinelOne stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the transaction, the chief executive officer owned 1,298,982 shares in the company, valued at approximately $23,875,289.16. This trade represents a 11.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,753 shares of company stock worth $6,195,217 over the last three months. Company insiders own 4.33% 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.