SentinelOne, Inc. (NYSE:S) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its holdings in shares of SentinelOne, Inc. (NYSE:S) by 2,814.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,438 shares of the company’s stock after acquiring an additional 306,547 shares during the quarter. Bridgewater Associates LP owned approximately 0.10% of SentinelOne worth $7,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Thematics Asset Management purchased a new position in SentinelOne during the third quarter worth $22,963,000. Millrace Asset Group Inc. acquired a new stake in shares of SentinelOne during the third quarter valued at $2,034,000. Truvestments Capital LLC increased its position in SentinelOne by 18.6% during the 3rd quarter. Truvestments Capital LLC now owns 22,335 shares of the company’s stock worth $534,000 after purchasing an additional 3,495 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in SentinelOne by 3.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,310,299 shares of the company’s stock valued at $79,182,000 after purchasing an additional 108,560 shares during the last quarter. Finally, Swedbank AB lifted its holdings in SentinelOne by 25.0% in the 3rd quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock valued at $59,800,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 0.5 %

Shares of NYSE:S opened at $28.08 on Friday. The business’s 50-day simple moving average is $25.90 and its 200 day simple moving average is $22.91. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share. On average, analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 38,607 shares of SentinelOne stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the sale, the chief executive officer now owns 1,060,749 shares in the company, valued at approximately $24,185,077.20. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 14,584 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 432,125 shares of company stock valued at $10,367,734. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on S. DA Davidson boosted their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Susquehanna boosted their price target on SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, September 5th. The Goldman Sachs Group restated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday, September 13th. Sanford C. Bernstein dropped their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. increased their target price on SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.73.

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.