DnB Asset Management AS Makes New $454,000 Investment in SentinelOne, Inc. (NYSE:S)

DnB Asset Management AS acquired a new stake in shares of SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,449 shares of the company’s stock, valued at approximately $454,000.

A number of other hedge funds have also recently made changes to their positions in S. Vanguard Group Inc. lifted its position in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock valued at $663,366,000 after acquiring an additional 399,056 shares in the last quarter. Sylebra Capital LLC increased its holdings in SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. State Street Corp raised its stake in shares of SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after purchasing an additional 516,244 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SentinelOne by 8.6% in the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after purchasing an additional 355,944 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of SentinelOne during the fourth quarter valued at approximately $73,528,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $23.29, for a total transaction of $339,638.07. Following the completion of the sale, the insider now owns 531,459 shares of the company’s stock, valued at $12,377,680.11. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 81,619 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21. Following the transaction, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 455,855 shares of company stock valued at $9,528,052. Company insiders own 5.60% of the company’s stock.

SentinelOne Price Performance

Shares of NYSE:S opened at $18.83 on Thursday. The firm has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $23.65. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -20.03 and a beta of 0.78. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Westpark Capital lowered their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Needham & Company LLC reduced their target price on shares of SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Robert W. Baird dropped their price target on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Cantor Fitzgerald reduced their price objective on shares of SentinelOne from $30.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Wells Fargo & Company decreased their price objective on shares of SentinelOne from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $26.21.

About SentinelOne

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.