Skandinaviska Enskilda Banken AB publ Has $241,000 Holdings in SentinelOne, Inc. (NYSE:S)

Skandinaviska Enskilda Banken AB publ increased its holdings in SentinelOne, Inc. (NYSE:S) by 68.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,748 shares of the company’s stock after acquiring an additional 4,363 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SentinelOne were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in S. Smartleaf Asset Management LLC raised its holdings in shares of SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the last quarter. Avion Wealth purchased a new stake in SentinelOne in the 4th quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in SentinelOne in the 4th quarter valued at about $33,000. Arlington Trust Co LLC purchased a new stake in SentinelOne in the 4th quarter valued at about $33,000. Finally, Modus Advisors LLC purchased a new stake in SentinelOne in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on S. Morgan Stanley initiated coverage on shares of SentinelOne in a research note on Tuesday. They issued an “equal weight” rating and a $20.00 price objective for the company. Jefferies Financial Group decreased their price target on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Sanford C. Bernstein decreased their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. UBS Group decreased their price target on shares of SentinelOne from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Guggenheim restated a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Insider Activity

In related news, insider Ric Smith sold 2,341 shares of SentinelOne stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $56,066.95. Following the transaction, the insider now owns 529,118 shares in the company, valued at $12,672,376.10. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the transaction, the chief executive officer now owns 939,726 shares in the company, valued at approximately $22,760,163.72. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 253,818 shares of company stock worth $5,649,659. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Stock Performance

SentinelOne stock opened at $19.35 on Wednesday. The firm’s fifty day moving average price is $22.13 and its 200-day moving average price is $23.90. The stock has a market cap of $6.22 billion, a P/E ratio of -20.58 and a beta of 0.78. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

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.