Erste Asset Management GmbH Invests $4.82 Million in SentinelOne, Inc. (NYSE:S)

Erste Asset Management GmbH acquired a new stake in SentinelOne, Inc. (NYSE:S) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $4,816,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in SentinelOne in the 3rd quarter worth approximately $26,000. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares in the last quarter. Unique Wealth Strategies LLC acquired a new position in SentinelOne during the second quarter worth $49,000. Finally, Capital Performance Advisors LLP acquired a new position in SentinelOne during the third quarter worth $55,000. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Stock Down 1.9 %

S stock opened at $27.42 on Tuesday. The business’s 50-day moving average is $26.03 and its two-hundred day moving average is $23.00. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $30.76.

Analysts Set New Price Targets

A number of brokerages have issued reports on S. Scotiabank raised their target price on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 28th. BTIG Research lifted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $32.00 in a report on Monday, October 14th. Finally, Susquehanna raised their target price on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and an average target price of $29.04.

Insider Activity at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the transaction, the chief accounting officer now directly owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 2.53 % 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, CFO David J. Bernhardt sold 11,061 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $252,190.80. Following the sale, the chief financial officer now directly owns 489,003 shares in the company, valued at approximately $11,149,268.40. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,541 shares of company stock valued at $10,032,448 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

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.