Canada Pension Plan Investment Board Purchases Shares of 325,500 SentinelOne, Inc. $S

Key Points

• The Canada Pension Plan Investment Board acquired 325,500 shares of SentinelOne, Inc. (NYSE:S), worth approximately $5.9 million, increasing its ownership to 0.10% of the company.
• Several institutional investors have adjusted their positions, with significant increases from Champlain Investment Partners and Penn Capital Management, leading to institutional ownership of 90.87% of SentinelOne stock.
• Research analysts have set a consensus price target of $24.33 for SentinelOne, reflecting positive sentiment with ratings from various firms ranging from "Strong Buy" to "Neutral."

Canada Pension Plan Investment Board bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 325,500 shares of the company's stock, valued at approximately $5,918,000. Canada Pension Plan Investment Board owned 0.10% of SentinelOne at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Champlain Investment Partners LLC raised its stake in SentinelOne by 12.3% during the first quarter. Champlain Investment Partners LLC now owns 5,090,042 shares of the company's stock worth $92,537,000 after buying an additional 555,748 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in SentinelOne by 2.5% during the 1st quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company's stock worth $470,000 after acquiring an additional 641 shares during the period. Comerica Bank raised its position in shares of SentinelOne by 0.7% in the 1st quarter. Comerica Bank now owns 908,604 shares of the company's stock worth $16,518,000 after acquiring an additional 6,159 shares in the last quarter. Penn Capital Management Company LLC boosted its position in shares of SentinelOne by 100.0% during the 1st quarter. Penn Capital Management Company LLC now owns 67,967 shares of the company's stock valued at $1,257,000 after purchasing an additional 33,989 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of SentinelOne during the 1st quarter valued at about $116,000. Institutional investors and hedge funds own 90.87% of the company's stock.

Analysts Set New Price Targets

S has been the subject of several research reports. Barclays raised their target price on SentinelOne from $19.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Cantor Fitzgerald restated an "overweight" rating and set a $24.00 price target on shares of SentinelOne in a report on Friday, August 29th. UBS Group raised their target price on SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Finally, Susquehanna reduced their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.33.

SentinelOne Trading Down 6.2%

Shares of S stock opened at $17.70 on Wednesday. SentinelOne, Inc. has a 12 month low of $15.36 and a 12 month high of $29.29. The stock has a market cap of $5.88 billion, a PE ratio of -13.41 and a beta of 0.78. The company's fifty day moving average price is $17.83 and its 200-day moving average price is $18.55.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 2,921 shares of SentinelOne stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $50,562.51. Following the transaction, the chief accounting officer owned 306,044 shares in the company, valued at approximately $5,297,621.64. The trade was a 0.95% 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 Keenan Michael Conder sold 5,827 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $100,865.37. Following the sale, the insider owned 590,505 shares of the company's stock, valued at $10,221,641.55. This represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,730 shares of company stock valued at $2,366,017 in the last quarter. 4.33% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.