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

Bridgewater Associates LP lifted its stake in shares of SentinelOne, Inc. (NYSE:S) by 2,814.7% during the third quarter, Holdings Channel reports. The firm owned 317,438 shares of the company’s stock after buying an additional 306,547 shares during the period. Bridgewater Associates LP’s holdings in SentinelOne were worth $7,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares during the period. Archford Capital Strategies LLC grew its holdings in SentinelOne by 1.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after buying an additional 790 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after buying an additional 898 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 0.5 %

Shares of S opened at $28.08 on Friday. The company has a 50-day moving average of $25.90 and a two-hundred day moving average of $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 EPS for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. During the same quarter last year, the business posted ($0.26) EPS. The company’s revenue was up 33.1% on a year-over-year basis. Equities analysts forecast that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Activity

In other SentinelOne news, CAO Robin Tomasello sold 5,022 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 transaction of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares of the company’s stock, valued at $4,412,757.60. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 432,125 shares of company stock worth $10,367,734 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

S has been the subject of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research report on Wednesday, August 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. Westpark Capital reissued a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. Citigroup upped their price target on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.