Temasek Holdings Private Ltd Makes New Investment in SentinelOne, Inc. (NYSE:S)

Temasek Holdings Private Ltd bought a new stake in SentinelOne, Inc. (NYSE:S - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 72,826 shares of the company's stock, valued at approximately $1,617,000.

Several other hedge funds have also recently bought and sold shares of the company. SG Capital Management LLC acquired a new position in SentinelOne in the fourth quarter valued at $6,969,000. Royal Bank of Canada boosted its holdings in SentinelOne by 2.2% during the fourth quarter. Royal Bank of Canada now owns 867,595 shares of the company's stock worth $19,260,000 after buying an additional 18,871 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of SentinelOne by 6.1% in the 4th quarter. Rafferty Asset Management LLC now owns 25,227 shares of the company's stock worth $560,000 after acquiring an additional 1,445 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SentinelOne in the 4th quarter valued at about $38,000. Finally, Point72 Asset Management L.P. purchased a new stake in SentinelOne in the 4th quarter valued at approximately $63,120,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $16.33, for a total transaction of $993,909.12. Following the transaction, the chief executive officer now directly owns 1,581,396 shares in the company, valued at $25,824,196.68. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the transaction, the chief accounting officer now directly owns 230,685 shares in the company, valued at approximately $4,509,891.75. The trade was a 2.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,498 shares of company stock valued at $8,136,199. 5.60% of the stock is currently owned by company insiders.

SentinelOne Price Performance

NYSE S traded up $0.07 on Friday, reaching $19.86. 756,011 shares of the company's stock traded hands, compared to its average volume of 5,013,373. The stock has a 50-day simple moving average of $18.57 and a 200 day simple moving average of $21.91. SentinelOne, Inc. has a 12 month low of $14.33 and a 12 month high of $29.29. The stock has a market cap of $6.55 billion, a PE ratio of -21.15 and a beta of 0.81.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on S. Barclays lowered their price objective on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Stephens assumed coverage on shares of SentinelOne in a report on Tuesday, April 1st. They issued an "overweight" rating and a $25.00 price objective on the stock. UBS Group set a $21.00 target price on SentinelOne and gave the company a "neutral" rating in a research note on Thursday. Morgan Stanley dropped their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Susquehanna dropped their price target on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research report on Thursday, March 13th. Seven equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.10.

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.