Wellington Management Group LLP Takes Position in SentinelOne, Inc. (NYSE:S)

Wellington Management Group LLP purchased a new position in shares of SentinelOne, Inc. (NYSE:S) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,128,780 shares of the company’s stock, valued at approximately $27,000,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after buying an additional 58,000 shares in the last quarter. Erste Asset Management GmbH purchased a new position in SentinelOne during the 3rd quarter worth $4,816,000. NorthRock Partners LLC bought a new stake in shares of SentinelOne in the 3rd quarter worth $5,227,000. Charles Schwab Investment Management Inc. raised its holdings in shares of SentinelOne by 55.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after purchasing an additional 921,572 shares during the last quarter. Finally, Sycomore Asset Management raised its holdings in shares of SentinelOne by 40.4% in the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after purchasing an additional 83,060 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

Insiders Place Their Bets

In related news, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $23.42, for a total value of $1,425,434.88. Following the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at $24,345,019.74. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,019 shares of company stock worth $6,990,023. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Up 1.9 %

NYSE:S opened at $24.02 on Friday. The firm has a market capitalization of $7.62 billion, a P/E ratio of -25.55 and a beta of 0.67. The company has a fifty day moving average of $26.36 and a 200 day moving average of $23.21. SentinelOne, Inc. has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the company posted ($0.21) earnings per share. As a group, analysts anticipate that SentinelOne, Inc. will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on S shares. Sanford C. Bernstein cut their target price on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective on shares of SentinelOne in a research report on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Robert W. Baird boosted their price target on shares of SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Finally, Guggenheim restated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.42.

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.