Bridgefront Capital LLC Takes $347,000 Position in SentinelOne, Inc. (NYSE:S)

Bridgefront Capital LLC acquired a new stake in SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,622 shares of the company's stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in SentinelOne by 86.6% in 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 during the last quarter. Avion Wealth acquired a new stake in shares of SentinelOne in the fourth quarter worth approximately $28,000. Crewe Advisors LLC purchased a new stake in shares of SentinelOne during the fourth quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in SentinelOne in the 4th quarter valued at $33,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in SentinelOne in the 4th quarter valued at $40,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total transaction of $305,680.64. Following the sale, the insider now owns 529,118 shares in the company, valued at approximately $11,090,313.28. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,336 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the sale, the chief executive officer now directly owns 1,571,060 shares of the company's stock, valued at approximately $29,127,452.40. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,140 shares of company stock worth $9,847,149. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on S. Barclays reduced their target price on shares of SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. UBS Group decreased their target price on shares of SentinelOne from $25.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Bank of America cut their price target on SentinelOne from $29.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price objective on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, Susquehanna cut their target price on SentinelOne from $30.00 to $25.00 and set a "positive" rating for the company in a research note on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.13.

SentinelOne Trading Down 1.3 %

NYSE:S traded down $0.26 during trading hours on Friday, hitting $19.15. The company's stock had a trading volume of 3,708,636 shares, compared to its average volume of 5,007,465. The stock has a market capitalization of $6.31 billion, a P/E ratio of -20.37 and a beta of 0.81. The stock has a fifty day moving average of $18.40 and a 200-day moving average of $22.26. SentinelOne, Inc. has a 52-week low of $14.33 and a 52-week high of $29.29.

SentinelOne 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.