Ensign Peak Advisors Inc Lowers Stock Holdings in SentinelOne, Inc. (NYSE:S)

Ensign Peak Advisors Inc reduced its position in SentinelOne, Inc. (NYSE:S - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,478,532 shares of the company's stock after selling 813,336 shares during the quarter. Ensign Peak Advisors Inc owned 0.46% of SentinelOne worth $32,823,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of S. Smartleaf Asset Management LLC increased its holdings in shares of SentinelOne by 86.6% in the fourth 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 period. Avion Wealth purchased a new position in shares of SentinelOne in the fourth quarter worth $28,000. Crewe Advisors LLC bought a new stake in SentinelOne during the 4th quarter valued at $33,000. Arlington Trust Co LLC bought a new stake in SentinelOne during the 4th quarter valued at $33,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in SentinelOne during the 4th quarter valued at $40,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Performance

Shares of NYSE:S opened at $19.15 on Friday. The business has a 50-day simple moving average of $18.40 and a two-hundred day simple moving average of $22.26. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of -20.37 and a beta of 0.81. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $29.29.

Insider Activity

In related news, CAO Robin Tomasello sold 1,496 shares of SentinelOne stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total transaction of $29,575.92. Following the transaction, the chief accounting officer now owns 233,484 shares in the company, valued at approximately $4,615,978.68. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,584 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the completion of the transaction, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $11,090,313.28. This trade represents a 2.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,140 shares of company stock valued at $9,847,149 over the last three months. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on S. Citigroup lowered their price objective on shares of SentinelOne from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Bank of America decreased their target price on SentinelOne from $29.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Scotiabank cut their price target on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. Oppenheimer began coverage on shares of SentinelOne in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $32.00 target price for the company. Finally, Needham & Company LLC reduced their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Seven investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.13.

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.

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