Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in SentinelOne, Inc. (NYSE:S)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of SentinelOne, Inc. (NYSE:S) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 124,096 shares of the company’s stock after purchasing an additional 1,797 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SentinelOne were worth $2,968,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of S. Harbor Capital Advisors Inc. grew its position in SentinelOne by 681.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 43,327 shares of the company’s stock worth $912,000 after purchasing an additional 37,780 shares during the last quarter. CWM LLC grew its position in SentinelOne by 220.6% during the 2nd quarter. CWM LLC now owns 5,720 shares of the company’s stock worth $120,000 after purchasing an additional 3,936 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of SentinelOne by 67.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 56,896 shares of the company’s stock worth $1,198,000 after acquiring an additional 23,000 shares during the period. Renaissance Capital LLC lifted its stake in shares of SentinelOne by 30.5% in the 2nd quarter. Renaissance Capital LLC now owns 205,952 shares of the company’s stock worth $4,335,000 after acquiring an additional 48,094 shares during the period. Finally, Avondale Wealth Management lifted its stake in shares of SentinelOne by 16.7% in the 2nd quarter. Avondale Wealth Management now owns 59,500 shares of the company’s stock worth $1,252,000 after acquiring an additional 8,500 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SentinelOne

In related news, CFO David J. Bernhardt sold 11,061 shares of the business’s 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 $252,190.80. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,541 shares of company stock worth $10,032,448 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on S. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Loop Capital raised their target price on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. BTIG Research raised 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. Finally, DA Davidson raised their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.04.

SentinelOne Price Performance

Shares of NYSE S opened at $27.55 on Wednesday. The company has a market cap of $8.74 billion, a PE ratio of -29.62 and a beta of 0.67. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $30.76. The company has a 50-day simple moving average of $26.10 and a 200-day simple moving average of $23.04.

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.