Handelsbanken Fonder AB Sells 6,600 Shares of SentinelOne, Inc. (NYSE:S)

Handelsbanken Fonder AB lessened its position in SentinelOne, Inc. (NYSE:S) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,063 shares of the company’s stock after selling 6,600 shares during the period. Handelsbanken Fonder AB’s holdings in SentinelOne were worth $1,237,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sylebra Capital LLC acquired a new position in shares of SentinelOne during the third quarter worth $64,981,000. Eminence Capital LP acquired a new position in SentinelOne during the 3rd quarter worth about $48,303,000. Bamco Inc. NY bought a new stake in shares of SentinelOne in the 3rd quarter valued at about $29,252,000. NewEdge Wealth LLC acquired a new stake in shares of SentinelOne in the fourth quarter valued at about $16,486,000. Finally, Legal & General Group Plc raised its position in shares of SentinelOne by 9.1% during the third quarter. Legal & General Group Plc now owns 7,021,945 shares of the company’s stock worth $118,390,000 after acquiring an additional 584,079 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

S has been the topic of several analyst reports. Citigroup upped their target price on SentinelOne from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. StockNews.com raised shares of SentinelOne to a “sell” rating in a research note on Friday, January 12th. DA Davidson upped their price target on shares of SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Morgan Stanley increased their price target on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Bank of America raised SentinelOne from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.50 to $35.00 in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.08.

SentinelOne Trading Up 1.7 %

Shares of SentinelOne stock opened at $21.56 on Monday. The business’s fifty day simple moving average is $24.06 and its 200 day simple moving average is $22.98. SentinelOne, Inc. has a 12 month low of $12.43 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last released its earnings results on Wednesday, March 13th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $174.18 million for the quarter, compared to analysts’ expectations of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) EPS. On average, sell-side analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 2,207 shares of SentinelOne stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $27.68, for a total value of $61,089.76. Following the sale, the insider now owns 455,374 shares of the company’s stock, valued at approximately $12,604,752.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Ric Smith sold 2,207 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $27.68, for a total transaction of $61,089.76. Following the completion of the transaction, the insider now owns 455,374 shares in the company, valued at approximately $12,604,752.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 47,365 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $22.28, for a total transaction of $1,055,292.20. Following the transaction, the chief executive officer now owns 1,285,122 shares of the company’s stock, valued at approximately $28,632,518.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 296,833 shares of company stock valued at $7,717,085. Company insiders own 5.93% 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.