Norges Bank Makes New Investment in SentinelOne, Inc. (NYSE:S)

Norges Bank bought a new stake in SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,312,081 shares of the company’s stock, valued at approximately $73,528,000. Norges Bank owned 1.03% of SentinelOne as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 399,056 shares during the period. Sylebra Capital LLC grew its position in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after buying an additional 2,282,980 shares in the last quarter. State Street Corp increased its stake in SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares during the period. Geode Capital Management LLC increased its stake in SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after acquiring an additional 355,944 shares during the period. Finally, Swedbank AB raised its holdings in SentinelOne by 8.0% in the 4th quarter. Swedbank AB now owns 2,700,000 shares of the company’s stock valued at $59,940,000 after acquiring an additional 200,000 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Westpark Capital dropped their price target on SentinelOne from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Piper Sandler cut their price target on shares of SentinelOne from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Stephens started coverage on shares of SentinelOne in a research note on Tuesday. They issued an “overweight” rating and a $25.00 price objective on the stock. Bank of America reduced their target price on SentinelOne from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Morgan Stanley initiated coverage on SentinelOne in a report on Tuesday, March 18th. They set an “equal weight” rating and a $20.00 price target for the company. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 20,186 shares of SentinelOne stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $399,077.22. Following the completion of the sale, the chief executive officer now owns 900,111 shares of the company’s stock, valued at approximately $17,795,194.47. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robin Tomasello sold 1,496 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the transaction, the chief accounting officer now directly owns 233,484 shares in the company, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 455,855 shares of company stock valued at $9,528,052. Insiders own 5.60% of the company’s stock.

SentinelOne Trading Up 1.2 %

Shares of SentinelOne stock opened at $18.83 on Thursday. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The firm has a market capitalization of $6.05 billion, a P/E ratio of -20.03 and a beta of 0.78. The business has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $23.65.

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.