Boothbay Fund Management LLC Sells 42,501 Shares of SentinelOne, Inc. (NYSE:S)

Boothbay Fund Management LLC reduced its position in SentinelOne, Inc. (NYSE:S - Free Report) by 69.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,594 shares of the company's stock after selling 42,501 shares during the period. Boothbay Fund Management LLC's holdings in SentinelOne were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its stake 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 valued at $27,000 after purchasing an additional 556 shares during the period. Avion Wealth purchased a new position in SentinelOne during the 4th quarter valued at about $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the fourth quarter valued at about $33,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $33,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of SentinelOne in the fourth quarter worth about $40,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at approximately $22,760,163.72. This trade represents a 6.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $201,100.44. Following the completion of the sale, the chief financial officer now owns 473,223 shares of the company's stock, valued at $9,355,618.71. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 502,136 shares of company stock worth $9,896,262. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of SentinelOne from $30.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Robert W. Baird dropped their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Scotiabank reduced their target price 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. JPMorgan Chase & Co. lowered their price target on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, UBS Group cut their price objective on SentinelOne from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Stock Up 0.2 %

Shares of S stock traded up $0.03 during mid-day trading on Monday, reaching $18.91. 2,657,308 shares of the company's stock traded hands, compared to its average volume of 4,989,886. The company's 50-day moving average price is $18.54 and its 200-day moving average price is $22.48. The company has a market cap of $6.23 billion, a P/E ratio of -20.12 and a beta of 0.81. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29.

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.