SentinelOne, Inc. (NYSE:S) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in SentinelOne, Inc. (NYSE:S - Free Report) by 27.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,443,286 shares of the company's stock after purchasing an additional 314,506 shares during the period. Wellington Management Group LLP owned approximately 0.45% of SentinelOne worth $32,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in S. Smartleaf Asset Management LLC boosted its position in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares during the period. Avion Wealth acquired a new position in SentinelOne during the 4th quarter worth $28,000. Crewe Advisors LLC acquired a new position in SentinelOne during the 4th quarter worth $33,000. Arlington Trust Co LLC acquired a new stake in SentinelOne in the 4th quarter valued at about $33,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in SentinelOne in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Analyst Upgrades and Downgrades

S has been the subject of a number of analyst reports. Roth Capital set a $26.00 price objective on SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Piper Sandler decreased their price target on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. UBS Group lowered their price target on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday. Westpark Capital reduced their price objective on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Sanford C. Bernstein lowered their target price on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.77.

SentinelOne Stock Performance

NYSE:S traded down $0.37 during mid-day trading on Monday, reaching $17.24. The stock had a trading volume of 10,639,834 shares, compared to its average volume of 5,067,324. SentinelOne, Inc. has a twelve month low of $15.36 and a twelve month high of $29.29. The business has a 50 day simple moving average of $18.50 and a 200 day simple moving average of $21.49. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -18.34 and a beta of 0.81.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne's quarterly revenue was up 22.9% compared to the same quarter last year. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Activity

In other news, CEO Tomer Weingarten sold 39,477 shares of SentinelOne stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $771,775.35. Following the completion of the transaction, the chief executive officer now owns 900,249 shares of the company's stock, valued at $17,599,867.95. The trade was a 4.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Robin Tomasello sold 6,378 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now directly owns 230,685 shares in the company, valued at approximately $4,509,891.75. The trade was a 2.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,914 shares of company stock worth $7,830,519 in the last 90 days. 4.33% of the stock is currently owned by corporate 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.