Handelsbanken Fonder AB Raises Stock Position in SentinelOne, Inc. $S

Handelsbanken Fonder AB raised its position in SentinelOne, Inc. (NYSE:S) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,863 shares of the company’s stock after purchasing an additional 3,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in SentinelOne were worth $1,332,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Main Management ETF Advisors LLC increased its holdings in shares of SentinelOne by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock worth $857,000 after buying an additional 768 shares during the last quarter. Perennial Investment Advisors LLC grew its position in SentinelOne by 21.2% in the second quarter. Perennial Investment Advisors LLC now owns 14,285 shares of the company’s stock worth $261,000 after acquiring an additional 2,494 shares during the period. Frank Rimerman Advisors LLC increased its stake in SentinelOne by 15.7% during the second quarter. Frank Rimerman Advisors LLC now owns 416,768 shares of the company’s stock worth $7,619,000 after acquiring an additional 56,662 shares during the last quarter. Y.D. More Investments Ltd increased its stake in SentinelOne by 9.0% during the second quarter. Y.D. More Investments Ltd now owns 44,095 shares of the company’s stock worth $793,000 after acquiring an additional 3,640 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in SentinelOne by 21.1% in the second quarter. Cetera Investment Advisers now owns 60,055 shares of the company’s stock valued at $1,098,000 after purchasing an additional 10,480 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

NYSE S opened at $15.96 on Friday. The firm has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $17.83. SentinelOne, Inc. has a one year low of $15.17 and a one year high of $29.06. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of -12.09 and a beta of 0.76.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, August 28th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). The business had revenue of $242.18 million for the quarter, compared to analysts’ expectations of $242.17 million. SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.SentinelOne’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.22) earnings per share. Equities analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Westpark Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of SentinelOne in a research note on Friday, August 29th. UBS Group lifted their price target on shares of SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Needham & Company LLC upped their price objective on shares of SentinelOne from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of SentinelOne in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and an average price target of $23.81.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 8,508 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $159,014.52. Following the sale, the chief accounting officer owned 297,536 shares of the company’s stock, valued at approximately $5,560,947.84. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 24,515 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $458,185.35. Following the completion of the sale, the insider owned 951,541 shares in the company, valued at approximately $17,784,301.29. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 481,090 shares of company stock valued at $8,637,206. Corporate insiders own 4.33% 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.