BNP Paribas Financial Markets Takes $1.91 Million Position in SentinelOne, Inc. (NYSE:S)

BNP Paribas Financial Markets bought a new stake in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 85,853 shares of the company's stock, valued at approximately $1,906,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP raised its position in SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock worth $106,447,000 after buying an additional 4,206,900 shares during the last quarter. Norges Bank purchased a new position in SentinelOne in the 4th quarter worth about $73,528,000. Federated Hermes Inc. raised its position in SentinelOne by 368.5% in the 4th quarter. Federated Hermes Inc. now owns 2,603,036 shares of the company's stock worth $57,787,000 after buying an additional 2,047,430 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $26,082,000. Finally, Champlain Investment Partners LLC increased its position in shares of SentinelOne by 34.6% during the 4th quarter. Champlain Investment Partners LLC now owns 4,534,294 shares of the company's stock valued at $100,661,000 after purchasing an additional 1,164,541 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Price Performance

Shares of NYSE S traded up $0.06 during midday trading on Tuesday, reaching $20.05. 4,593,643 shares of the stock traded hands, compared to its average volume of 5,015,502. The stock has a market capitalization of $6.61 billion, a PE ratio of -21.33 and a beta of 0.81. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $29.29. The company's 50 day moving average is $18.54 and its 200 day moving average is $21.97.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Cantor Fitzgerald reduced their price target on shares of SentinelOne from $30.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Susquehanna decreased their target price on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler decreased their target price on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Seven 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.13.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 10,336 shares of the firm'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 owns 1,571,060 shares of the company's stock, valued at $29,127,452.40. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 14,584 shares of the firm's 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 completion of the sale, the insider now directly owns 529,118 shares of the company's stock, valued at approximately $11,090,313.28. The trade was a 2.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,498 shares of company stock worth $8,136,199. 5.60% of the stock is currently owned by insiders.

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.