Algert Global LLC Sells 47,264 Shares of SentinelOne, Inc. (NYSE:S)

Algert Global LLC trimmed its holdings in shares of SentinelOne, Inc. (NYSE:S - Free Report) by 82.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,006 shares of the company's stock after selling 47,264 shares during the quarter. Algert Global LLC's holdings in SentinelOne were worth $222,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in S. Guggenheim Capital LLC raised its position in SentinelOne by 1.4% during the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after purchasing an additional 478 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares in the last quarter. Legato Capital Management LLC increased its stake in shares of SentinelOne by 8.1% during the fourth quarter. Legato Capital Management LLC now owns 13,682 shares of the company's stock valued at $304,000 after buying an additional 1,022 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of SentinelOne by 48.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,285 shares of the company's stock valued at $73,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in SentinelOne by 10.3% in the fourth quarter. Harbour Investments Inc. now owns 13,166 shares of the company's stock worth $292,000 after acquiring an additional 1,225 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 81,619 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the transaction, the chief executive officer now directly owns 879,494 shares of the company's stock, valued at approximately $17,229,287.46. The trade was a 8.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 31,659 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the sale, the insider now directly owns 477,271 shares in the company, valued at $9,115,876.10. The trade was a 6.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,498 shares of company stock worth $8,136,199 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

SentinelOne Trading Up 1.1%

S opened at $20.34 on Wednesday. SentinelOne, Inc. has a 12-month low of $14.33 and a 12-month high of $29.29. The firm has a 50 day moving average of $18.41 and a two-hundred day moving average of $22.18. The firm has a market capitalization of $6.71 billion, a PE ratio of -21.64 and a beta of 0.81.

Wall Street Analysts Forecast Growth

A number of research firms have commented on S. Westpark Capital cut their target price on shares of SentinelOne from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler cut their price objective on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Citigroup lowered their target price on SentinelOne from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Friday, January 17th. Oppenheimer initiated coverage on SentinelOne in a report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 price target on the stock. Finally, Scotiabank reduced their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.13.

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.

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