200,000 Shares in SentinelOne, Inc. (NYSE:S) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new stake in shares of SentinelOne, Inc. (NYSE:S) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 200,000 shares of the company’s stock, valued at approximately $4,816,000. Erste Asset Management GmbH owned about 0.06% of SentinelOne as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne in the 3rd quarter worth approximately $26,000. Blue Trust Inc. bought a new position in SentinelOne during the second quarter valued at $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the period. Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne in the 2nd quarter worth about $49,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of SentinelOne during the 3rd quarter worth about $55,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 23,567 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the completion of the transaction, the insider now directly owns 585,647 shares in the company, valued at approximately $12,819,812.83. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $253,011.60. Following the transaction, the insider now directly owns 438,363 shares in the company, valued at approximately $9,994,676.40. The trade was a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,541 shares of company stock valued at $10,032,448. Corporate insiders own 5.60% of the company’s stock.

SentinelOne Stock Down 1.9 %

NYSE:S opened at $27.42 on Tuesday. The company has a 50 day moving average price of $26.03 and a 200-day moving average price of $23.00. SentinelOne, Inc. has a 1-year low of $14.33 and a 1-year high of $30.76.

Analyst Ratings Changes

Several brokerages have issued reports on S. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective on shares of SentinelOne in a research note on Monday. Needham & Company LLC started coverage on SentinelOne in a research report on Thursday, October 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Citigroup lifted their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.04.

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.